Corn futures at the Chicago Board of Trade were weak early on Thursday amid disappointing export sales data, traders said. Also bearish was another round of heavy deliveries against the December contract and concerns about future global feed demand due to the spread of bird flu in Asia, they said.
At 10:24 am CST (1624 GMT), corn was unchanged to 3/4 cent per bushel lower, with December down 3/4 at $1.86-3/4 per bushel. March was down 3/4 at $2.01.
Calyon Financial sold 2,000 March, pit sources said. Overnight export activity was routine, with Taiwan buying 60,000 tonnes of US corn.