Rain cuts corn crop to 4-year low

The corn crop on farms in Walker County, Ga., has been stunted by extreme drought conditions spanning the tri-state area around Chattanooga.

The U.S. Department of Agriculture has lowered its estimate of this year's corn crop to the lowest in four years, saying wet weather has delayed planting and reduced acres planted and the expected per-acre yield.

The expected production was cut in a monthly report released Tuesday by 1.4 billion bushels to 13.7 billion bushels, the lowest since 2015.

While weather problems also have slowed soybean planting, the USDA didn't change estimates since farmers have several more weeks to plant.

The USDA report also says disputes with China and other nations have reduced corn exports for the current-year crop by 100 million bushels and soybean exports by 75 million bushels.

Offshore drilling faces court challenge

Ten environmental groups are suing to challenge what they view as the Trump administration's decision to weaken critical safety rules created after the nation's worst offshore drilling disaster.

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