CBOT corn ends lower as US harvest advances, soybeans decline
CHICAGO, Oct 9 (Reuters) - Chicago Board of Trade corn futures fell on Thursday on spillover pressure from declining soybeans and as U.S. harvesting of a likely record-large corn crop accelerated, analysts said.
Trading remained cautious due to a lack of updated U.S. Department of Agriculture crop data as the agency suspended the release of key data due to a U.S. government shutdown. The agency had been scheduled to issue its monthly supply and demand report and weekly export sales data earlier on Thursday.
CBOT December corn CZ25 settled 3-3/4 cents lower at $4.18-1/4 per bushel. The contract hit overhead technical resistance at its 20- and 100-day averages.
Harvesting of a likely record-large corn crop continued under mostly dry weather around the U.S. Midwest.
China's Agriculture Ministry trimmed its forecast for 2025/26 corn imports in its October outlook to 6 million tons, down from 7 million tons in last month's report.
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