CBOT corn ends lower in range-bound trade
CHICAGO, Dec 10 (Reuters) - Chicago Board of Trade corn futures ended lower on Wednesday on spillover weakness from wheat and a lack of supportive news, traders said.
CBOT March corn CH26 settled down 3-3/4 cents at $4.44-1/4 per bushel but stayed inside Tuesday's trading range.
The U.S. Energy Information Administration said weekly production of corn-based ethanol decreased in the latest week to 1.105 million barrels per day while stockpiles were nearly flat at 22.510 million barrels. EIA/S
Analysts noted additional pressure from prospects for sizable corn crops in South America following weeks of mostly favorable weather, including rains this week across much of Brazil.
Ahead of weekly export data due on Thursday from the U.S. Department of Agriculture, traders expected the government to report net export sales of U.S. corn in the week ended November 13 at 800,000 to 2 million metric tons.
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