Chicago Board of Trade corn futures ended lower on Friday on technical selling and in a setback from recent rallies, traders said. CBOT July corn settled down 1-3/4 cents at $4.06-1/4 per bushel, after matching a nine-month high of $4.08-1/4 reached on Thursday.
Weakness in CBOT soybean and wheat markets spilled over into the corn market, traders said. Still concerns about wet weather is slowing US planting, dryness stressing second-crop corn in Brazil and rains hindering harvests in Argentina helped underpin prices, traders said.