date:Dec 02, 2013
in favor of a system that guarantees crop revenue and offsets falling prices. And if prices fall too far, those revenue support payments could spike.
Corn prices have dropped as farmers this year produced a record large U.S. crop of almost 14 billion bushels. The Environmental Protection Agency's proposal to trim the amount of biofuels mixed into gasoline next year would be another blow.
Chicago corn futures on Friday traded as low as $4.13 per bushel, just above the three-year low of $4.10 3