CBOT December 2018 corn with 50-day moving average. (Barchart)

U.S. grains: Corn hits seven-week high on USDA’s surprise yield cut

Chicago | Reuters — U.S. corn futures jumped more than 1 percent to a seven-week high on Thursday after the U.S. Department of Agriculture (USDA) unexpectedly cut its yield forecast for the 2018 crop, leaving stocks of the grain lower than anticipated. Soybean futures followed corn higher, reversing earlier losses as the government’s harvest outlook […] Read more