CBOT corn ends lower, following soybeans; USDA data awaited
CHICAGO, Feb 9 (Reuters) - Chicago Board of Trade corn futures ended lower on Monday, pressured by a lack of supportive news, declines in soybeans and position-squaring ahead of Tuesday's monthly supply-demand report from the U.S. Department of Agriculture, traders said.
CBOT March corn CH26 settled down 1-1/2 cents at $4.28-3/4 per bushel.
Ahead of the USDA's monthly report, analysts surveyed by Reuters on average expected no change to the agency's forecast of U.S. 2025-26 corn ending stocks and a slight decline in the USDA's world corn stocks forecast.
For South American crops, analysts on average expected the USDA to raise its estimate of Brazil's all-corn production while trimming its estimate of Argentina's corn crop.
Traders shrugged off support from a weaker dollar .DXY, which tends to make U.S. grains more competitive, and strong weekly corn export inspections.
The USDA reported export inspections of U.S. corn in the latest week at 1,307,781 metric tons, topping a range of trade expectations for 900,000 to 1,200,000 tons. USDA/I
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