Corn Rebounds as Korea Snaps Up U.S. Supplies That Had Fallen to June Low

(Bloomberg) -- Corn rose in Chicago for the first
time in four sessions as South Korea snapped up supplies from
the U.S. that had become the cheapest in a month.

The Korea Feed Association bought 385,000 metric tons of
U.S. corn for arrival in October and November, purchasing team
manager Kim Chi Young said in Seoul. South Korea, the fourth-
largest buyer of corn, had cut back on U.S. purchases by about
25 percent for delivery before Sept. 1 as prices jumped to a 10-
year high in February. Prices are down 16 percent since then.


Read more at Bloomberg Commodities News