CBOT corn futures fall two-week low

Corn futures on the Chicago Board of Trade fell to a two-week low on Thursday, pressed by chart-based selling and spillover weakness from soyabeans, traders said. CBOT March corn settled down 5-1/2 cents at $3.65-1/2 per bushel after falling through support at the contract's 200-day average near $3.67. The contract dipped to $3.65-1/4, its lowest since February 7. Commodity funds recently shifted from a net short position in CBOT corn futures to a net long, leaving the market vulnerable to long liquidation.