![Storm 642637](https://img.feedandgrain.com/files/base/wattglobalmedia/all/image/2020/09/fg.storm-642637.jpg?auto=format%2Ccompress&q=70&w=400)
U.S. corn futures on Friday retreated from a near one-month high hit in the previous session, though the grain is set to post weekly gains of more than 5% amid concerns over widespread damage after a storm lashed a key U.S. growing region, reports Reuters.
Corn prices surged after a storm potentially affected 10 million acres of farmland in Iowa, the top U.S. corn growing state, according to state authorities.
The USDA said on Wednesday U.S. farmers would reap a record corn harvest and a second-biggest soybean crop, buoyed by favorable weather.