Corn futures at the Chicago Board of Trade fell on Friday before the three-day holiday weekend as outlooks for a huge 2004 US corn crop and warm weekend weather triggered fund sales, traders said.
CBOT corn futures were 3-3/4 to 5-1/4 cents per bushel weaker by 10:31 am CDT (1531 GMT). September was 4-3/4 cents down at $2.23 and new-crop December was 5-1/4 lower at $2.31 per bushel.
Man Financial was among the sellers with 800 December, traders said.
Traders cited a crop forecast on Friday by Informa Economics, formerly Sparks Cos., for a record 11.041 billion-bushel corn crop this year.