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USDA Trade Aid Seen Boosting Planting of All Crops

U.S. corn futures dropped for the first time in nine sessions

U.S. corn futures dropped for the first time in nine sessions on Thursday after the U.S. Department of Agriculture (USDA) unveiled a farm aid package that could encourage farmers to plant more corn despite adverse weather this spring.

Reuters reports soybeans and wheat also declined as the USDA announced a $14.5 billion direct payment program that ties payment rates to the number of acres planted.

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