date:May 16, 2013
nt to close at $6.3625 a bushel at 1:15 p.m. on the Chicago Board of Trade. The grain declined 3.8 percent for the week, the biggest loss since April 5. Futures reached a 10-month low of $6.10 on April 24.
Lower Prices
The expected jump in supplies will send prices lower, according to the government. Cash corn will average $4.70 a bushel in the year that starts Sept. 1, down from an estimated record $6.90 a year earlier. In 2011, the grain averaged $6.22.
Average yields this year may rise to