CHICAGO: Chicago Board of Trade corn futures fell on Thursday, pressured by technical selling and disappointment that anticipated Chinese purchases of US grain following three days of trade talks this week have failed to materialize, traders said.
* CBOT March corn settled 5-3/4 cents lower at $3.76-1/4 per bushel. The contract breached chart support at its 20- and 50-day moving averages.
* US-China trade talks ended with a vow by China to buy "a significant amount" of US products, including corn, but there has been no evidence that any deals have been struck yet.
* Corn was also pressured by a higher Brazilian corn crop forecast by statistics agency Conab. Many traders had been expecting a reduced forecast following hot, dry weather in parts of Brazil.
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