The USDA said recently there are 300 million more bushels of carryover corn from 2009 than it had reported previously.

The report drove down corn prices but gave a boost to the cattle market.

The surplus number was raised to 1.7 billion bushels.

December corn plunged during the morning on the Chicago Board of Trade, before recovering at $4.96. A drop in the carryover corn stocks earlier had helped corn rise from a yearly low of $3.45 in June to above $5 this month.

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