Corn hits four-month lows on favorable weather SAN FRANCISCO (MarketWatch) -- Corn futures fell for a fourth-straight session Wednesday, losing as much as 4.9% to touch their lowest point in nearly four months on expectations of favorable weather for the critical pollination period. Corn futures for December delivery tumbled 4.9% to an intraday low of $5.63 a bushel, a level not seen since March 28. They pared losses in afternoon trading and closed down 1.75 cents, or 0.3%, to $5.91 a bushel on the Chicago Board of Trade. "Recent weather reports are forecasted to be good the remainder of the week and that should help corn through the pollination period, and should continue to put pressure on corn prices," said Phillip Streible, senior market strategist at futures brokerage Lind-Waldock. Weather in the Midwest corn belt is...
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