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Alex Breitinger column: Corn prices grind lower on record planting

4:32 PM, Jun. 14, 2013
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Despite the poor weather conditions earlier this spring that delayed planting across much of the Midwest, America's farmers likely planted a record corn crop, according to USDA estimates.

A report released Wednesday projected a total corn crop of more than 14 billion bushels, a jump from the previous record of 13.1 billion. The prospect of such large production pushed prices lower this week, with December corn falling nearly 30 cents per bushel (5.4 percent) to $5.30, the lowest price in three weeks.

As of the beginning of the week, more than 25 million acres of corn and soybeans were left ...

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