CBOT corn ends narrowly mixed, monthly USDA data awaited
CHICAGO, June 9 (Reuters) - Chicago Board of Trade corn futures ended narrowly mixed on Tuesday, consolidating a day after the benchmark July contract hit a life-of-contract low, traders said.
CBOT July corn CN26 settled up 3/4 cent at $4.19-1/2 per bushel while new-crop December corn CZ26 ended down 3/4 cent at $4.45-1/4 a bushel.
Continued export demand for U.S. corn lent support, along with a weaker dollar, which tends to make U.S. grains more competitive on the world market. USD/
The U.S. Department of Agriculture confirmed private sales of 120,000 metric tons of old-crop U.S. corn to undisclosed destinations.
But favorable weather hung over the market, capping rallies, as warm, showery conditions in the Corn Belt this week boosted crop production prospects.
The USDA left its weekly crop ratings unchanged for corn, with 67% of the crop in good to excellent condition. Analysts surveyed by Reuters on average had expected an improvement.
Traders awaited direction from a monthly supply and demand report due from the USDA on Thursday.
