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Corn and Soybeans fall sharply

Corn futures plunged to a three-year low after the U.S. Department of Agriculture boosted its inventory estimate by 25 percent. Soybeans dropped the most in six months as supplies topped analyst estimates by 11 percent. Corn futures dropped 2.8 percent

Corn prices tumble to 3-year low

CBOT corn for September delivery ended down 2-3/4 cents at $4.89-1/4 a bushel after bottoming out at $4.88-1/4 earlier in the session. The intraday low was the lowest price for front-month corn since $4.87-3/4 on Oct. 7, 2010. New-crop corn

Winter weather in the US adds worries for cereals

The United States Department of Agriculture’s Crop Progress report, published last week, showed conditions deteriorated in Kansas, Oklahoma and Texas following freezing temperatures in April. Winter extended unusually in the United States, there were more than 30 cm of snow