Corn hits 3-month low after USDA supply estimates

Corn and soybean prices went down because the USDA said there will be more corn and soybeans than people thought.

The USDA said the U.S. will have a record amount of corn next year, and Brazil will have a lot of soybeans too.

This means there might be less demand for U.S. soybeans, especially since China has already bought a lot.

Corn prices went down to their lowest in three months, and soybean prices went down to their lowest in two and a half months.

Wheat prices also went down a little bit.

Some people are buying corn at a lower price, and they are also watching the weather in Brazil, where farmers will soon plant their second corn crop.