CBOT corn futures fall

26 May, 2019

Chicago Board of Trade (CBOT) corn futures declined for the first time in nine sessions on Thursday after the US government unveiled a farm aid package that could encourage farmers to plant more corn despite adverse weather this spring. The Trump administration unveiled the $16 billion farm aid package to offset losses from a trade war with China and said payment rates to farmers would be determined by where they farm rather than what crops they grow. CBOT July corn ended down 4-3/4 cents at $3.89-3/4 a bushel.

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