Grains Plunge Most Since 2009

Crop futures plunged Thursday June 17 across the board, with grains notching the worst rout in a dozen years, according to Bloomberg. Soybeans wiped out this year’s gain and grains lost more ground as better weather and uncertainty over U.S. biofuel policy erodes bullish sentiment. Corn, soybean oil and canola futures all dropped by the exchange limit.