CBOT corn settles slightly weaker ahead of USDA stocks report
CORN•CBOT December corn fell 1 cent to $5.22 per bushel as traders awaited Wednesday’s USDA stocks report. Analysts polled expected U.S. corn stocks of 1.918 billion bushels on September 1, up from 1.551 billion a year earlier.
1. Corn futures edge lower
CBOT corn futures finished slightly lower on Tuesday as traders adjusted positions ahead of the USDA’s quarterly grain stocks report and the end of the month and quarter. Rain is expected to slow U.S. harvesting over the next week; 18% of the corn crop had been harvested as of Sunday, matching the five-year average pace.
