CBOT corn futures fall

Chicago Board of Trade corn futures fell on Wednesday after China announced plans to impose import duties on key US commodities including corn and soyabeans. CBOT May corn settled down 7-1/2 cents at $3.81 per bushel. The benchmark contract fell through several key moving averages during the trading session, but closed above its 50- and 200-day moving average.
China announced plans to impose import duties on key US imports including soyabeans, beef and corn in retaliation for US plans to impose tariffs on $50 billion in Chinese goods.