CBOT corn falls on weather in South America, Trump administration worries
CHICAGO, Nov 21 (Reuters) -Chicago Board of Trade corn futures ended lower on Thursday on beneficial weather in South America and uncertainty over the prospects for U.S. agriculture under the incoming administration of President-electDonald Trump, analysts said.
The U.S. Department of Agriculture reported net export sales of U.S. corn at 1,494,600 tons, on the low end of analyst expectations from 1,000,000 to 2,200,000 tons.
Traders squared positions ahead of CBOT December options expiring on Friday and CBOT December futures expiring next month, according to analysts.
CBOT December corn CZ24 settled down 3-1/2 cents at $4.26-3/4 per bushel.
Reporting by Renee Hickman; editing by Diane Craft
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