Corn futures at the Chicago Board of Trade were lower early on Thursday with the market undergoing a technical setback after Wednesday's gains which were led by surging soya and wheat, traders said.
At 10:10 am CDT (1510 GMT), CBOT corn was down 3/4 to 1-1/2 cents per bushel. December was down 1 at $2.04-3/4 per bushel.
Pit sources said Goldenberg Hehmeyer sold 200 December and Prudential Securities sold 100 December.
Traders said that active harvesting of the second-largest corn crop ever in the United States also was weighing on prices along with news this week that South Korea was buying corn from China rather than the United States.