Corn Futures Fall to Lowest Since July Before U.S. Grain Supply Report

Chicago corn futures touched $4.38 per bushel Monday after losing as much as 0.8%, putting them at their lowest level since July. Traders were looking ahead to a U.S. Department of Agriculture (USDA) report expected to show larger global grain supplies.

In an earlier market move, the USDA raised production and yield forecasts. Corn futures later recovered some of their losses after the forecast.