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Corn Falls Again on Improved Crop Condition

Wheat falls after Monday's gain, harvest pressure weighs

Corn 436654

Chicago corn futures slid for a fifth consecutive session on Tuesday after a weekly U.S. government report rated the crop condition above market forecasts, reports Reuters.

Wheat fell as ample supplies from the northern hemisphere flood the market, while soybeans were little changed with the focus on U.S.-China trade talks.

The U.S. Department of Agriculture on Monday released a weekly crop progress report that raised the good to excellent rating for corn by 1 percentage point to 58%. Analysts had expected it to stay unchanged.

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