Corn futures at the Chicago Board of Trade fell to four-year lows on Tuesday amid technical selling and concerns about the impact bird flu may have on feed demand, traders said.
At 10:14 am CST (1614 GMT), CBOT corn was unchanged to 1 cent per bushel lower, with December down 1 at $1.86-3/4 per bushel. March was down 1/2 at $2.01-1/4 per bushel. The new low for December is $1.86-1/2 per bushel, below the previous low of $1.86-3/4 that was set in the overnight e-cbot electronic trade.
Pit sources said Man Financial sold 1,500 March and bought 300, Calyon Financial sold 300 March and Iowa Grain sold 300 March. Refco Inc bought 1,500 March, traders said.