CBOT corn ends lower amid spillover pressure from soy market setback

CHICAGO, Nov 19 (Reuters) - Chicago Board of Trade corn futures sagged on Wednesday amid spillover pressure from losses in the soybean market, traders said.

• CBOT March corn CH26 settled 8 cents lower at $4.41-1/2 per bushel.

• Futures pulled back from gains over the previous two sessions as technical selling and farmer sales weighed on prices, traders said.

• In the soybean market, prices Sv1 fell after rising to a June 2024 high during the previous session.

• Traders were waiting for the U.S. Department of Agriculture to issue U.S. grain and soy export sales data on Thursday, after the agency halted the release of weekly reports during the federal government's shutdown.

• For the week that ended on October 2, analysts estimated 2025-26 U.S. corn export sales were 1.4 million to 2.5 million metric tons, according to a Reuters poll.

• S&P Global Energy projected that U.S. farmers would reduce U.S. corn plantings in 2026 by 3.8% compared to 2025 while increasing soybean plantings by 4%.

• President Donald Trump's administration is considering delaying for one or two years its proposed cuts in incentives for imported biofuels amid pressure from U.S. refiners who argue the move could raise costs and tighten fuel supplies, according to two sources familiar with the matter.