CBOT corn futures down

CHICAGO: Chicago Board of Trade corn futures ended lower on Monday, snapping a five-streak session of gains on profit-taking after recent rallies, traders said.

The market pulled back after the most-active contract on Friday hit its highest since August 2019 on expectations for strong demand from China.

Technical selling added pressure to prices, traders said.

The US Department of Agriculture's weekly crop progress report, due at 3 p.m. CDT (2000 GMT) on Monday, should show the US corn harvest as 73% complete, up from 60% a week ago, according to a Reuters survey of analysts.

CBOT December corn finished 1-1/2 cents lower at $4.17-3/4 a bushel.