CBOT corn futures lower

Chicago Board of Trade corn futures fell more than 2 percent on Tuesday, hitting a one-month low on spillover weakness from soyabeans and forecasts for improving US crop weather, traders said. CBOT December corn settled down 8-1/4 cents at $3.76-1/2 per bushel after dipping to $3.75-3/4, the contract's lowest since June 29.
The US Department of Agriculture said private exporters sold 100,000 tonnes of US corn to Colombia for delivery during the 2017/18 marketing year. The announcement marked the second US corn sale to Colombia in as many days. The USDA late Monday rated 61 percent of the US corn crop in good to excellent condition, down from 62 percent a week earlier. Analysts surveyed by Reuters on average had expected no change.