CBOT corn prices fall amid rising crop forecasts for Brazil and the US

CBOT corn futures declined for May 23-30.

Corn price fell by 15.4 cents to 444.0 cents per bushel over the week.

Prices are under pressure due to higher corn harvest forecasts in Brazil, while the expected precipitation in the states of Paraná and Mato Grosso do Sul in the coming days reduces weather uncertainties. The potentially record-breaking corn harvest in the US is also not adding to the upward momentum of prices.

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Tags: prices, USA, corn, Brazil