CBOT corn futures fall on improving US planting weather
CHICAGO, May 17 (Reuters) -Chicago Board of Trade corn futures ended lower on Friday on expectations U.S. farmers will have a window for plantings over the weekend, analysts said.
CBOT July corn CN24 settled down 4-1/2 cents at $4.52-1/2 per bushel.
For the week, CBOT July corn CN0 fell 17-1/4 cents per bushel, or 3.7%, after rising the previous three weeks.
Drier weather will give farmers an opportunity to plant crops this weekend before rains arrive in corn-producing areas of the United States next week, according to analysts.
The U.S. Department of Agriculture is slated to issue a weekly update on planting progress on Monday.
In Argentina, the Buenos Aires grain exchange said the country's corn harvest is just over a quarter of the way through, holding its production estimate for the season at 46.5 million tons.
Reporting by Renee Hickman; Editing by Mark Porter
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