Corn prices dropped 10 pct in two days

On August 12-13, CBOT corn futures with delivery in December fell by 9.9%, the largest 2-day drop for the most active contract since 2013, commented Karen Braun, Global Agriculture Columnist at Thomson Reuters, in Twitter.

"However, the CZ settle on Tuesday is "still" the highest for the date in 6 years at $3.76-1/2. Nearly identical to the same date in '17 & '15, not far from '18 & '14," she added.

Previously reported that USDA analysts projected a record corn harvest in Ukraine. Crop yield forecast growth was facilitated by the increase of planting areas and change of weather conditions in Ukraine.

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