US MIDDAY: corn weaker on disappointing export sales

25 Jun, 2004

Corn futures at the Chicago Board of Trade were lower early Thursday in reaction to another week of disappointing export sales and a mild setback from the firm close on Wednesday, traders said.
The corn market turned higher for a brief moment shortly after the open, supported by strong gains early in soybeans. But by 10:20 am CDT (1520 GMT) corn was weaker, down 1-1/4 to 3 cents per bushel.
July corn was down 1 at $2.73-1/2 and new-crop December was 2 weaker at $2.82-1/4.

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