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Corn Is Getting Creamed

Rob WileApr 2, 2013, 00:01 IST

Corn futures continued their massive sell off today as Goldman Sachs cut its price forecast a full dollar, to $6.50 per bushel from $7.50, Reuters reported.

They were down as much as 8 percent Monday to $6.40, hitting lows not seen since last June.

Here's the chart:

A bearish USDA report Thursday saying corn supplies had come in higher than expected kicked off the collapse.