Corn for May delivery closed at $7.60 ¼ a bushel, down 0.4%, pulling back after scaling to a peak of $7.73 ¼ earlier in the session.
NEW YORK (TheStreet) -- Corn prices retreated Thursday after reaching a 52-week high earlier in the session in anticipation of shrinking inventories.
May wheat futures fell 1.1% to finish trading at $7.73 1/2 a bushel on the possibility that favorable planting conditions were returning to the big winter wheat-producing parts of the United States, many of which have been suffering from drought. "When you start see chances of rain, you see risk premium pulled out of the
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