Chicago Board of Trade corn futures declined for the first time in four sessions on Monday on technical selling and spillover pressure from sharply lower wheat. CBOT May corn fell 4-1/2 cents to $3.80 per bushel after failing to hold chart support at its 20-, 50- and 100-day moving averages. The U.S. Department of Agriculture on Monday confirmed.

Private sales of 279,400 tonnes of U.S. corn to Mexico for shipment in the current and next marketing years. Investors continue to monitor news on U.S.-China trade talks on hopes that a deal could include a large grain purchase by China.

U.S. President Donald Trump said on Monday he was optimistic that a final trade deal could be reached with China and that he would hold a summit to sign any pact, but cautioned an agreement may still not happen.

Copyright Reuters, 2019