CBOT corn falls ahead of monthly USDA data release
CHICAGO, Sept 10 (Reuters) - Chicago Board of Trade corn futures ticked down on Wednesday on limited demand and squaring of positions by traders ahead of a monthly U.S. Department of Agriculture supply and demand report due on Friday.
The USDA is expected to trim its U.S. corn yield forecast in its monthly report on Friday, although the agency is still likely to forecast a record-large harvest.
A poll of Reuters analysts predicted the USDA would report net export sales of U.S. soybeans for the week ended September 4 at 900,000-2,400,000 metric tons for 2025-26.
U.S. corn crop conditions declined for a second straight week, according to a weekly USDA report on Monday. Still, the share of the U.S. crop rated as good to excellent was at its highest level for this time of year since 2018.
Ethanol producer Inpasa will focus on driving demand in regions like Brazil's North and Northeast as it looks to decentralize the supply of the biofuel, the company's vice president of trading said.
CBOT December corn futures CZ25 settled 2-3/4 cents lower at $4.17 per bushel.
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