CBOT corn dips on Midwest weather ahead of USDA report

CHICAGO, June 27 (Reuters) - Chicago Board of Trade corn futures Cv1 fell on Thursday as industry players kept monitoring weather in the U.S. corn belt and positioned ahead of the U.S. Department of Agriculture's acreage report.

CBOT September corn CU24 settled down 3 cents at $4.22-1/2 per bushel.

CBOT new crop December corn CZ24 ended down 2-3/4 cents at $4.33-3/4 a bushel.

USDA reported weekly old-crop U.S. corn export sales at 542,200 metric tons, within analyst estimates for 400,000 to 1.1 million tons.

Traders weighed the impacts of both heavy rains causing flooding in the central U.S., as well as an extreme heat wave across the same region.

Traders awaited data from the USDA's acreage report to be released on Friday.

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28 июня 2024