Corn futures at the Chicago Board of Trade slipped to a one-month low early on Tuesday on spillover pressure from crumbling wheat markets, traders said. Pressure on the corn futures market also stemmed from follow-through technical selling from Monday's sharp break in prices, they said.
At 10:32 am CST (1632 GMT), CBOT corn was down 1/2 to 1-1/2 cents per bushel, with March down 1-1/2 at $2.19 per bushel. May was down 1 at $2.27-3/4. SAK Futures was a noted seller of 400 May and O'Connor and Co sold 200 May.
Ample US corn stocks amid worries about feed demand due to the spread of bird flu globally and confirmation of the third US case of mad cow disease also continue to overhang the market.
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