CHICAGO: Chicago Board of Trade corn futures stumbled on Tuesday on spillover pressure from the weak soy market and after the US Department of Agriculture increased its crop ratings, traders said.
* CBOT December corn, which represents the crop that will be harvested this autumn, dropped 2 cents, or 0.6%, to $3.66-1/4 per bushel. The contract traded near a three-month low reached on Friday.
* Soybean futures fell 1%, adding pressure on the corn market.
* The US Department of Agriculture late on Monday increased its good-to-excellent ratings for corn and soybeans.
* The USDA said 27% of the corn crop had reached the dent stage of development, well behind the five-year average of 46%.
* Traders and farmers are uncertain about the size of their upcoming harvests after heavy rains and floods disrupted plantings this spring.
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