date:Oct 01, 2012
Corn extended a slide to an 11-week low before a U.S. government report today that may show larger domestic stockpiles. Wheat fell.
U.S. corn inventories on Sept. 1 probably totaled 1.145 billion bushels, up 1.6 percent from a year earlier, as farmers harvested crops earlier this year because of dry weather, according to a Bloomberg survey. The Department of Agriculture will release supply estimates at 8:30 a.m. in Washington. The worst U.S. drought in half a century sent corn to a record $8.49