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CHICAGO- US corn futures fell for a third straight session on Friday, with the benchmark July contract hitting a two-week low on fund-driven long liquidation amid easing concerns about dwindling supplies, analysts said.
Soybean and wheat futures closed higher.
Chicago Board of Trade July corn futures settled down 31 cents at $6.43-3/4 per bushel.
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July soybeans ended up 2-1/4 cents at $15.86-1/4 a bushel and July wheat rose 5-3/4 cents to close at $7.07-1/4.
Corn fell more than 4 percent and recorded a weekly decline of 12.1 percent – its first retreat in seven weeks – as traders focused on a bigger-than-expected supply outlook released Wednesday by the US Department of Agriculture.
