CBOT corn finishes weaker alongside soybeans
CHICAGO, Nov 20 (Reuters) - Chicago Board of Trade corn futures closed weaker alongside soybeans on Thursday.
CBOT March corn CH26 dropped 3-3/4 cents to finish at $4.37-3/4 per bushel.
Soybean futures fell amid uncertainty about Chinese demand, setting a negative tone for other grain markets, analysts said.
Technical selling added pressure to corn futures, a broker said.
The International Grains Council raised its forecast for global corn production, while strength in the dollar index =USD capped demand for U.S. crops by making them more expensive for overseas buyers.
The U.S. Department of Agriculture reported U.S. corn export sales for the week ended October 2 at 2,259,700 metric tons, toward the high end of a range of trade expectations for 1.4 million to 2.5 million tons. The agency was catching up on releasing data that was halted during the federal government's recent shutdown.
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