NEWS
Corn Prices Plunge on Oversupply
Mon Oct 21, 2013 09:22 AM CDT

TORONTO (Dow Jones) -- It's harvest time and Henry Van Ankum is about to bring in the corn, as he has every fall since 1989.

Corn crops across North America are abundant after farmers reacted to 2012's high prices by seeding a record amount of land in a year that saw plenty of rain and temperatures that were just right. But this year is also notable for a second reason. The price Mr. Van Ankum's corn fetches is about 40% lower than last year's, and he will lose as much as a dollar on every bushel he harvests.

The price ...

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