US corn futures eased slightly on Tuesday, weighed down by profit-taking in nervous liquidation ahead of the Federal Reserve meeting results to be released late on Wednesday. Fund rolling of positions weighed on nearby December and supported deferred December. CBOT December down 1-1/2 cents at $5.75-3/4 a bushel.
Funds sold an estimated 3,000 contracts. FC Stone pegs US corn production at 12.523 billion bushels, below USDA's October forecast for 12.664 billion. China quarantine bureau rejects US corn cargo. USDA said 91 percent of the US corn crop had been harvested, up from 83 percent a week ago and above the 61 percent five-year average pace. Cash corn basis steady to higher in US Midwest interior; farmer selling slow.