date:May 25, 2012
for July delivery fell 25 cents Thursday to settle at $5.78 1/2 a bushel on the Chicago Board of Trade and is down 9% so far this week. The settlement price was the lowest for the front-month contract since December 2010, although prices dipped to similar levels in intraday trading five months ago. December corn futures, which reflect the outlook for the size of the fall harvest, fell 8 cents, or 1.5%, to $5.15 a bushel.
This thing is trying to run off the train tracks, said Chad Henderson, p