Chicago Board of Trade (CBOT) corn futures fell on Monday, as forecasts of cooler weather in the US Midwest eased concerns about crop yield losses, traders said. CBOT September corn settled down 8-1/2 cents, closing the day at $4.22-1/4 per bushel. New-crop December corn fell 9 cents to close at $4.26-3/4.

Dealers said uncertainty about the ongoing trade tensions between the United States and China kept soyabean prices under pressure, which also weighed on corn futures.

Temperatures are beginning to cool across much of the Corn Belt after storms and extreme heat over the weekend threatened to curb US corn yields, according to Commodity Weather Group on Monday.

Copyright Reuters, 2019