date:May 16, 2013
st this year will surge 31 percent from 2012 to 14.14 billion bushels (50.91 million metric tons), the U.S. Department of Agriculture said today in a report.
While planting is off to the slowest start since 1984 after rain and snow left muddy fields across the Midwest, farmers intended to sow the most acres since 1936.
Corn futures have tumbled 25 percent from a record $8.49 a bushel in August, joining wheat and soybeans last month in a bear market that is reducing costs for buyers including h