Corn Extends Worst Monthly Loss Since 2008 on Acreage Increase

July 1 (Bloomberg) -- Corn fell for a third day in Chicago, extending the biggest monthly drop since October 2008, after the U.S. reported acreage and inventories that topped analyst's estimates. Wheat reached an 11-month low. U.S. farmers planted 92.282 million acres of corn this year, 1.8 percent more than projected by analysts in a Bloomberg News survey and the second-highest since 1944, the

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