Corn Prices Tumble When Rumors Become Facts

Corn futures tumbled Friday, when the USDA reported that a 1.25 million metric ton sale to an undisclosed buyer following what had been rumored and expected through the second half of the week. The buyer of this corn is suspected to be China, which has been in the rumor mill of buying this size of purchase during the last two days. The initial news of this market pushed corn futures sharply

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