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Corn Faces Biggest Monthly Loss in Five Years

Wheat, soybeans ease

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Chicago corn futures lost ground on Friday, with the market poised for its biggest monthly decline in almost five years, as near-perfect weather aids crop development across the U.S. Midwest.

Reuters reports wheat and soybeans slid with both markets facing their second monthly decline.

The most-active corn contract on the Chicago Board of Trade has given up nearly 10% this month, the biggest monthly loss since September 2014.

Soybeans are down 1.6%, while wheat dropped 3.7% with both markets closing lower for a second month in a row.

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