CBOT corn futures fall

Chicago Board of Trade corn futures ended lower on Wednesday on spillover weakness from wheat and soyabeans, and an active US planting pace that has bolstered forecasts for a record-large US corn harvest in 2020, traders said.

Benchmark CBOT July corn settled down 4 cents at $3.18-1/4 per bushel but stayed inside of Tuesday's trading range.

Underlying support noted from traders unwinding long soybean/short corn spread positions.

Futures were also underpinned by supportive weekly data for corn-based ethanol. The US Energy Information Administration said weekly ethanol output rose for a second week, to 617,000 barrels per day, while stockpiles fell for a third week to 24.190 million barrels.