Corn futures at the Chicago Board of Trade were mostly weak early on Wednesday amid a private forecast for a big US corn crop this year, traders said.
Late Tuesday, commodity brokerage firm FC Stone forecast this year's crop at 11.079 billion bushels. That's above the US Agriculture Department's outlook in October for 10.857 billion. USDA will release its November crop production report on November 10.
At 10:10 am CST (1610 GMT), corn was down 3/4 cent to up 1/4 cent, with December down 1/2 at $1.96-1/4 per bushel. December fell to a session low of $1.95-3/4, near its contract low of $1.95-1/2 that was set in the overnight e-cbot electronic trading session.
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