Corn trades near four-month low as conditions improve

Corn declined to near a four-month low in Chicago trading after crop conditions improved in the U.S., the world’s biggest exporter.

“For the corn and soybean crops, both are clearly off to great starts,” economist Dennis Gartman wrote in his newsletter today. “The corn rating is the fifth-best in history while the bean crop’s rating is the best ever.”

Prices reached $4.3875 per bushel on June 12, the lowest since Feb. 11, according to Bloomberg Businessweek.

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