Chicago Board of Trade (CBOT) corn futures posted their first weekly slide in a month, as prices slipped on Friday after this week's news of poor export sales, traders said. CBOT July corn settled Friday down 4-3/4 cents at $4.15-3/4 a bushel. The contract closed the week down 2.63%.
Corn futures slipped after Thursday's surprise rebound on poor export sales. Soybean futures also fell on Friday, under pressure from wheat and corn, traders said. Corn posted weekly losses after rallying for the last three weeks with farmers in the western corn belt expected to get a window of dry weather to seed crops. Traders awaited the first US crop condition ratings for the 2019 corn crop, which are expected from the US Department of Agriculture on Monday.
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