CBOT Corn Futures Fall 1.6% to About $4.66 a Bushel
Most-active CBOT corn futures fell below $4.70 a bushel, a level AgResource identified as support.
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06:46:08 PM UTC
SquawkNews
Chicago Board of Trade corn futures fell for a fifth straight session on Monday and hit its lowest point in more than two months as dry Midwest weather boosted harvest progress while forecasts called for continued good weather through the end of the week.
Most-active CBOT corn futures are off 1.6%, bringing the price down to roughly $4.66 a bushel. In a note, AgResource says that corn futures have now fallen below $4.70/a bushel--the level it pegged support at, opening the door for a further downturn. "The market feels bearish as the U.S. harvest pu…