CHICAGO: Chicago Board of Trade corn futures fell on Tuesday after reaching their highest since June 2019 a day earlier, as a lack of export news and positive South American weather outlook added pressure, traders said. CBOT most-active March corn settled 5-1/4 cents lower at $4.20-3/4 cents per bushel.
In November, CBOT's most active corn futures contract climbed for the fourth consecutive month, adding 27-1/2 cents, a 6.9% gain. South American weather adds pressure to US corn futures, as Argentina and southern Brazil received much-needed rains over the weekend.
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