US corn futures fell nearly 3 percent on Monday on expectations for farmers to pick up the planting pace in the Midwest grain belt this week after long delays amid wet weather and damp fields. Futures were also weighed by trimmed market risk premiums following the death of al Qaeda leader Osama bin Laden, mastermind behind the September 11, 2001, attacks.
As of 12:40 pm CDT (1740 GMT), bellwether July corn was down 21-1/2 cents at $7.35 per bushel. July soybeans were down 6 cents at $13.88 a bushel and July wheat was down 9-3/4 cents at $7.91-1/2 a bushel.