U.S. corn extends rally, hits highest since 2008 food crisis

(Reuters) - U.S. corn futures rose for a third day on Monday to their highest since the 2008 food crisis on persistent supply concerns.

The worries have largely overshadowed a forecast from the U.S. Department of Agriculture last week that U.S. farmers will plant the second-largest corn acreage since 1944.

Chicago Board of Trade corn for May delivery Cc1 rose as high as $7.40-3/4 a bushel shortly after Asian trading hours began. By 2315 GMT, the contract was up 0.5 percent at $7.39-1/2.

(Source: http://www.reuters.com/article/2011/04/03/grains-corn-idUSL3E7F30E320110403)