Corn retreats from seven-month high
Thursday, 15 March 2018
SYDNEY, Mar 14 (Reuters): U.S. corn futures fell on Wednesday, retreating from a seven-month high touched in the previous session, as fears mounted about US protectionist trade policies with the firing of US Secretary of State Rex Tillerson.
Soybeans edged lower, under additional pressure from the threat of China switching demand to South America sellers, while wheat also ticked lower.
The most active corn futures on the Chicago Board Of Trade fell 0.4 per cent to $3.84-3/4 a bushel by 0212 GMT, having firmed 0.3 per cent on Tuesday when prices hit $3.95-1/4 a bushel, the highest since July 2017.