CBOT corn ticks down on reports from U.S. crop tour
CHICAGO, Aug 20 (Reuters) -Chicago Board of Trade corn futures fell on Tuesday as a Midwest crop tour began showing strong results for the grain but a dry spell in parts of the Midwest kept a floor under prices.
CBOT September corn CU24 settled down 3 cents at $3.75 a bushel.
Most-active December CZ24 corn ended down 2-1/4 cents at $3.98 a bushel.
Midwest crop tour scouts estimated above-average yields in South Dakota and Ohio corn fields on Monday. The tour moves into Indiana and Nebraska on Tuesday.
Traders monitored the impact of a dry spell on U.S. corn as it enters final stages, according to analysts
The USDA said 67% of the U.S. corn crop was rated good to excellent as of Sunday, the same as the previous week and in line with trade expectations.
Argentina's upcoming 2024/25 corn harvest is seen covering 6.3 million hectares, down 17% compared to the previous cycle, the Buenos Aires Grains Exchange announced on Tuesday.
Reporting by Renee Hickman; Editing by David Gregorio
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