US corn futures dropped the daily trading limit to their lowest level in nearly a month early on Thursday as a resumption in planting in western stretches of the Corn Belt alleviated concerns about supply, traders said. At 12:11 p.m. CST (1711 GMT), CBOT May corn was down 33 cents at $7.19-1/4 a bushel. Limits for May corn were removed as it was first position day, the day before first notice day.
The more heavily traded July corn contract was down 30 cents at $7.29-1/4.CBOT May wheat was down 29-1/2 cents at $7.47-1/2 a bushel.