Corn futures plummeted more than 10 percent in early trading on Thursday after a US government report said farmers were able to seed far more corn acres this spring than many analysts expected and that supplies are not as tight as many thought.
At 9:47 am CDT (1447 GMT), CBOT July corn was down 70 cents, or 10.1 percent, at $6.27-3/4. July wheat was off 51-1/4 cents, or 8 percent, at $5.90, and nearby CBOT soyabeans for July delivery were down 26 cents, or 2 percent, at $13.08-1/4.
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