Corn declines on good weather conditions

Source: Bloomberg
© Scanpix/Reuters
Soybean and corn futures decreased amid forecasts that weather will cultivate crop conditions in the U.S. A report showed that low temperatures and rain will moisturize soil that will benefit harvest. Corn futures for December settlement decreased 1.2% to $4.945 per bushel as of 10:03 a.m. on the Chicago board of Trade. Soybeans futures for November settlement fell 0.1% to $12.645.

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