Corn futures fall sharply on forecasts for rain in northern US

Corn prices fell sharply Tuesday after forecasts for rain in the Northern Plains region. Metals prices closed mixed, while energy prices were mostly higher. Corn for December delivery dropped 16.75 cents, or 3.6 percent, to $4.4725 a bushel, the lowest price since September 2010. Todd Hultman, a grain analyst at DTN/The Progressive Farmer, said favorable growing conditions for corn have been …

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