A key monthly report by the U.S. Department of Agriculture confirmed Tuesday the damage done by heavy rainfall in the Corn Belt, reducing expected corn production to its lowest in four years. The wet weather this year prevented farmers from planting the crop on time, and the Agriculture Department cut its corn-production estimate to 13.68 billion bushels, down 9% from its May forecast.

Source: Wall Street Journal June 11, 2019 18:33 UTC