CBOT corn futures drop

10 Sep, 2017

Chicago Board of Trade corn futures fell on Thursday on a round of technical selling, traders said. Prices closed near session lows. Expectations that the upcoming US harvest will be large and add to the already burdensome global balance sheet also weighed on prices. The benchmark CBOT December corn contract hit resistance at its 20-day moving average, a level it has not traded above since August 10.

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