Corn futures at the Chicago Board of Trade were narrowly mixed early on Tuesday amid bird flu concerns and plentiful stocks of corn, traders said. At 10:20 am CST (1620 GMT), CBOT corn was up 1/4 cent to down 1/2 cent, with March up 1/4 at $2.27-3/4 per bushel. May was unchanged at $2.39.
Pit sources said Goldenberg Hehmeyer sold 200 May and O'Connor and Co bought 600 May. The global spread of bird flu was leading to concerns about a reduction in feed consumption. The Foreign Agriculture Organisation (FAO) said on Tuesday that world poultry consumption this year may fall by some 3 million tonnes to 81.8 million tonnes.
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