Chicago Board of Trade corn futures eased on Friday on technical selling, as traders jockeyed for positioning ahead of a US grain stocks report slated for Monday, traders said. CBOT December corn settled 1 cent lower at $3.71-1/2 per bushel. December corn ended the week up 0.20%.
Weather forecasts showed fewer yield risks to Midwest crops ahead of harvesting. The US Department of Agriculture will release its quarterly grain stocks report on Monday. Analysts surveyed by Reuters on average expect the government to report US Sept. 1 corn stocks at 2.428 billion bushels, which would be the largest Sept. 1 stocks since 1988.
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