CBOT corn futures lower

Chicago Board of Trade corn futures declined on Thursday for a second straight session as generally favourable crop weather supported outlooks for a record-large US harvest and rising stockpiles, traders said.

CBOT July corn settled down 3/4 cent at $3.17-1/2 per bushel.

The CBOT May contract expired quietly at $3.20-1/4, unchanged on the day. Open interest was down to 62 contracts ahead of the trading session.

Declines in global equity markets amid disappointing US jobs data added to bearish sentiment in commodities.

China is set to speed up purchases of US farm goods and will implement the Phase 1 trade deal with the United States, an executive at state-owned agriculture trading house COFCO said.