Seasonal harvest weighs on corn futures
CHICAGO, Sept 20 (Reuters) -Chicago Board of Trade (CBOT) corn futures dipped on Friday on seasonal harvest pressure with large yields expected and farmers undersold, said analysts.
CBOT December corn CZ24 futures settled down 4 cents to $4.01-3/4 per bushel.
For the week, December corn fell 1.81%.
Warm and dry weather in most of the U.S. Corn Belt continues to speed crop maturity and harvest activity.
The Buenos Aires grains exchange said Argentine farmers had planted 7.1% of the 6.3 million hectares of corn expected this season.
Taiwan's MFIG purchasing group has issued an international tender to buy up to 65,000 metric tons of animal feed corn which can be sourced from the United States, Brazil or South Africa, European traders said on Friday.
Reporting by Renee Hickman; Editing by Mohammed Safi Shamsi
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