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CANBERRA- U.S. corn futures fell more than 1 percent to hit a more than one-week low on Thursday, as concerns about global supplies were tempered after the U.S. Department of Agriculture (USDA) pegged a production forecast above market expectations.
Soybeans fell nearly 1 percent to fall from a September 2012 high, while wheat also slid.
The most-active corn futures on the Chicago Board of Trade Cv1 were down 1.4 percent to $7.05 a bushel near the session low of $6.98-1/2, its lowest since May 5. Corn closed down 1 percent on Wednesday.
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Analysts said corn was under pressure from the USDA report, but said losses were checked by scepticism about the figures. — Reuters
