date:Nov 20, 2013
Nearby December corn futures prices sank to contract and new three-year lows Monday on blows from the home front and the export market. The U.S. Environmental Protection Agency on Nov. 15 proposed reducing the 2014 ethanol mandate, which may reduce domestic corn demand. On Nov. 18 trade reports confirmed China had rejected an import cargo of unapproved bioengineered U.S. corn.
CME Group corn futures in Chicago declined five consecutive trading sessions beginning Nov. 12, with the largest losses