
CHICAGO, Jan 26 (Reuters) - Chicago Board of Trade corn futures declined from a two-week high on profit-taking on Monday, traders said.
March corn CH26 closed down 2-1/4 cents at $4.28-1/4 per bushel.
The contract earlier reached its highest level since the U.S. Department of Agriculture issued larger-than-expected U.S. crop production and stocks estimates on January 12.
Prices rose last week ahead of a severe U.S. winter storm that slowed grain transportation.
Brutally cold weather could kill calves that consume grain and also hurt demand for corn by disrupting operations at ethanol plants, an analyst said.
In Brazil the agribusiness consultancy AgRural raised its estimates for the country's 2025/26 corn and soybean crops.