Chicago Board of Trade corn futures fell on Friday to a fresh three-month low as talk about large US corn acreage and better-than-expected yields this year continued to pressure prices, brokers said.
Corn futures were down 2-1/2 cents to up 1 cent, with July down 2-1/2 cents at $2.89-3/4, after setting a three-month low of $2.87-1/2. December was down 1-3/4 cents at $2.80-3/4.
Cargill Investor Services sold a net 500 December, Tenco Inc. bought a net 300 December and Refco Inc. bought 100 December, brokers said.
Technical support for December corn futures at $2.81 was broken, while resistance held at $2.84 per bushel.
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