Corn futures at the Chicago Board of Trade were lower early on Tuesday on quiet exports and signs that the market is technically overbought, traders said.
Recently improved crop weather in the US Midwest also pressured the market, they said.
At 10:07 am CDT (1507 GMT), CBOT corn was down 1/2 to 3 cents per bushel, with May down 1-1/2 at $2.35 per bushel. Volume was thin with Man Financial an early seller of 100 May, pit sources said. Traders and analysts said the abundant supply of corn continued to rein in occasional rallies in CBOT corn futures prices.
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