Chicago Board of Trade corn futures fell nearly 2 percent on Wednesday, following a slide in soyabean futures on fears of an intensifying US trade conflict with China, the world's top soya buyer, traders said. CBOT September corn settled down 7-1/4 cents at $3.65 per bushel and new-crop December corn ended down 7 cents at $3.79-1/2.
Market underpinned by worries about forecasts for warm and dry weather next week in the western US Corn Belt. The US Energy Information Administration said weekly US output of corn-based ethanol rose to 1.06 million barrels per day, while stocks of the biofuel rose to 21.97 million barrels.