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Chicago Board of Trade corn futures fell to a near three-week low amid broad-based selling in many commodities. The declines in futures offset the slightly higher corn basis bids in some areas, limiting the already scant selling interest from farmers.
Bids for corn and soybeans were mostly lower at Midwest river terminals, weighed down by higher shipping costs for river
barges and seasonally slowing export demand for US supplies as global buyers pivoted to cheaper South American supplies.