Share “Corn falls to lowest level since February”

Corn falls to lowest level since February

Published on NewsOK Modified: June 16, 2014 at 4:25 pm •  Published: June 16, 2014

Corn prices fell to their lowest level in four months Monday after the Department of Agriculture said the majority of this year's U.S. harvest is in good-to-excellent condition.

Corn for July delivery fell 6 cents, or 1.3 percent, to $4.41 a bushel, its lowest price since early February.

The USDA said Monday that 75 percent of the United States' corn crop is in good or excellent condition, compared with 63 percent at the same time a year ago. Crop conditions have not been this good in 20 years, according to the USDA.

Other agricultural commodities fell. Wheat fell 5 cents, or 1 percent, to $5.81 a bushel. Soybeans fell 4 cents, or 0.3 percent, to $14.22 a bushel.

In other commodities trading, oil was essentially unchanged at $106.90 a barrel. Natural gas fell 3 cents, or 0.7 percent, to $4.71 per thousand cubic feet. Wholesale gasoline futures rose a penny, or 0.5 percent, to $3.07 a gallon. Heating oil rose a penny as well, or 0.3 percent, to $3 a gallon.

In metals, gold rose $1.20, or 0.1 percent, to $1,275.30 an ounce. Silver rose 6 cents, or 0.3 percent, to $19.72 an ounce. July copper rose 2 cents, or 0.7 percent, to $3.05 a pound.

Platinum rose $4.10, or 0.3 percent, to $1,439.10 an ounce and palladium fell $3.25, or 0.4 percent, to $809.35 an ounce.


  1. 1
    Florida woman Periscopes while drunk driving
  2. 2
    Steve Spurrier is retiring immediately as South Carolina’s football coach
  3. 3
    Aunt sues 12-year-old nephew for $127,000
  4. 4
    More Americans Choosing To Renounce Citizenship Rather Than Pay Taxes
  5. 5
    Proposed bill would make college textbooks free
+ show more


× Trending energy Article