date:Oct 01, 2012
n time, and earlier touched $7.05, the lowest price for a most active contract since July 12. The price was set for a monthly decline of 12 percent, the biggest drop since May, and a third-quarter drop of 12 percent.
Hedge funds have cut bullish bets in corn futures and options by 21 percent since a high in the week ended Aug. 21, Commodity Futures Trading Commission data show. U.S. export sales tumbled to 368 metric tons in the week ended Sept. 20, compared with 69,578 tons a week earlier, the