Markets

CBOT corn closes lower on technical weakness

Published January 4, 2018 Updated January 4, 2018 09:24pm

Plentiful global supplies continued to hang over the market.

Declines were kept in check as the benchmark CBOT March contract found support at its 20-day moving average.

Analysts were expecting a US Agriculture Department report on Friday morning to show that export sales of corn were in a range from 600,000 to 1 million tonnes in the latest reporting week.

 

Copyright Reuters, 2018