Corn drops as U.S. government may raise production estimates

Corn traded in Chicago declined on Friday falling for an eight day and traded close to its lowest level in three years amid speculations that the U.S. government may raise its production estimate in today's USDA report. Corn for delivery in two months slipped 0.2% to $4.195 a bushel and traded at $4.20 as of 1:53 p.m. Singapore time.