CBOT corn drops on crude oil weakness, profit-taking

CHICAGO, July 27 (Reuters) - Chicago Board of Trade corn futures ended lower on Monday as crude oil fell and traders booked profits, according to analysts.

• Most-active December corn CZ26 finished 13-1/2 cents lower at $4.47 a bushel.
• Oil prices hit a one-week low on Monday after the U.S. abruptly suspended a campaign of air strikes against Iran over the weekend, raising hopes of a diplomatic solution that would de-escalate the conflict and allow shipping to resume in the Strait of Hormuz. Brent crude oil futures LCOc1 settled 3.9% lower.
• Temperatures are expected to ease after hot weather over the weekend, while rain will limit dryness stress, Commodity Weather Group said.

(Reporting by Renee Hickman in Chicago Editing by Matthew Lewis)