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Markets

CBOT corn ends lower as wheat falls

Published Updated

CHICAGO: Chicago Board of Trade corn futures fell on Thursday, pressured by a sharp drop in the wheat market and expectations for massive US production.

Some bargain buying limited the losses in corn following a sharp sell-off on Wednesday.

Technical support for the benchmark CBOT December contract was noted at the low end of the 20-day Bollinger range.

USDA said corn export sales totaled 774,200 tonnes, below forecasts that ranged from 800,000 to 1.2 million tonnes.

Copyright Reuters, 2018
 

 

 

 

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