CBOT corn lower on spillover weakness from wheat
CHICAGO, Feb 17 (Reuters) - Chicago Board of Trade corn futures tracked wheat futures lower on Tuesday.
CBOT March corn CH26 settled 5-1/2 cents lower to $5.26-1/4 per bushel.
Corn has gained some support from doubts over grain quality in China. Chinese buyers have ramped up purchases of Australian barley and U.S. sorghum in recent months after rain damaged the domestic corn harvest, trade sources said.
Despite last year's record corn harvest, some of northern China's crop was battered by heavy rains during harvest, rendering some of it moldy, industry sources said, but no official damage estimates have been issued.
Large speculators trimmed their net short position in Chicago Board of Trade corn futures in the week to Feb. 10, regulatory data released on Friday showed.
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