Corn Falls as U.S. Crop May Be Larger Than USDA's Record Estimate in June

(Bloomberg) -- Corn in Chicago fell on speculation
the U.S. harvest will be larger than the government forecast a
month ago after farmers planted more of the grain than they
signaled in March.

The U.S. Department of Agriculture tomorrow will forecast
a crop of 12.972 billion bushels, 4.1 percent more than the
record 12.46 billion projected last month, according to the
average estimate of 11 analysts. A crop of that size would be
23 percent bigger than last year's harvest.


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