CBOT corn ticks down on harvest pressure
CHICAGO, Oct 31 (Reuters) -Chicago Board of Trade corn futures fell on Thursday as harvest pressure from U.S. farmers selling their remaining corn crop outweighed strong international demand.
CBOT most-active December corn CZ24 settled down 3/4 cent at $4.10-3/4 per bushel.
The USDA reported export sales of U.S. corn in the week ended Oct. 24 at 2,341,700 metric tons, in line with trade expectations for 1,800,000 to 3,500,000 tons. EXP/CORN
Recent rainfall in the U.S. Midwest has given farmers a break from a nearly nonstop harvest as well as a window to sell their crop in storage.
A dry autumn has allowed for a rapid harvest of the country's near-record corn crop.
The corn harvest was 81% complete as of Sunday, the U.S. Department of Agriculture reported.
Reporting by Heather Schlitz; editing by Diane Craft
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