PRO FARMER
Corn futures settled near a two-week low on profit-taking and technical selling in the wake of the early-week rally to nine-month highs.
May corn futures plunged 34 1/2 cents to $6.55 3/4, the lowest closing price since Feb. 18 but still up 3 cents for the week. December futures fell 25 cents to $5.79 3/4.
FarmDoc used USDA’s crop condition ratings in the top 18 production states to predict yield and production.