Posted: Wednesday, January 9, 2013 12:00 am
Updated: 5:05 pm, Tue Mar 25, 2014.
The price of corn fell to its lowest level in nearly 3 ½ years ahead of a government report that could show supplies are abundant following a bumper crop in the U.S.
U.S. farmers had a record harvest last year and the Department of Agriculture will release its latest estimate of crop supply and demand on Friday. Forecasts for a strong harvest in Brazil are also weighing on prices.
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Wednesday, January 9, 2013 12:00 am.
Updated: 5:05 pm.