10-07-2014 10:24 AM | USA

Bumper crops to take a bite out of U.S. farmer revenues

U.S. revenues from corn and soybean farming look set to slump to their lowest levels in five years despite projections for record soybean production and the second-largest corn crop in history.

Lower corn and soybean prices are the chief driver behind the sinking sales receipts, with new-crop corn values recently slumping to their lowest levels since the summer of 2010 and new-crop soybean values at close to five-month lows.
Full Story : Reuters