Corn at $5.10 on Planting Delay

Chicago corn rose for a third straight session to near a three-week high after the U.S. Department of Agriculture said the pace of planting fell short of market expectations.

Wheat edged lower, snapping five sessions of gains which lifted the market to its highest since April 16 on Monday, underpinned by concerns over unrest in the Ukraine and dryness across the U.S. Plains.

The pace of U.S. corn planting remained behind normal as of Sunday despite a week of mild weather that spurred the season’s most active field work to date, according to government weekly crop progress data on Monday.

Reuters

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