Corn futures at the Chicago Board of Trade were lower early on Thursday in follow-through from the declines of Wednesday and on some outlooks for rain next week in dry areas of the Midwest, traders said. At 10:21 am CDT (1521 GMT), corn was down 1/4 to 2 cents per bushel. New-crop December was down 2 at $2.38 per bushel.
ABN Amro sold 100 December, pit sources said. Traders said some outlooks for showers next week in the Midwest weighed on corn and soybean futures.
Meteorlogix weather service early Thursday wasn't optimistic that much, if any, rain would fall soon on the dry areas of the US Midwest.
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