Chicago Board of Trade corn futures fell for the fifth time in six sessions on Friday, hitting their lowest since April 4. Traders said forecasts for warmer weather that will allow farmers in key growing areas of the US Midwest to plant in the coming weeks weighed on the corn market. CBOT corn posted a 2.5 percent loss this week, the biggest weekly loss since August.
The May contract briefly firmed overnight but turned lower after hitting resistance at its 50-day moving average. Support was noted at its 200-day moving average.
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