CBOT corn falls on seasonal harvest pressure
CHICAGO, Sept 19 (Reuters) -Chicago Board of Trade (CBOT) corn futures dipped on Thursday amid seasonal harvest pressure and unimpressive export numbers from the U.S. Department of Agriculture, analysts said.
CBOT December corn CZ24 futures settled down 7 cents to $4.05-3/4 per bushel.
The USDA reported export sales of U.S. 2024/25 corn in the week ended Sept. 12 at 847,400 metric tons, in line with trade expectations for 550,000 to 1,400,000 tons. EXP/CORN
High yield expectations have put heavy pressure on Chicago soy and corn futures, according to analysts.
The International Grains Council lowered its forecast for 2024/25 global corn production by 2 million metric tons to 1.224 billion tons.
Reporting by Renee Hickman; Editing by Shounak Dasgupta
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