CBOT corn falls alongside wheat, supported by demand
CHICAGO, Oct 18 (Reuters) -Chicago Board of Trade corn futures ticked down on Friday following a sharp downturn in wheat, but were buoyed by a run of export sales to Mexico and other destinations, analysts said.
CBOT December corn CZ24 settled down 2 cents at $4.04-3/4 a bushel.
For the week, most-active corn Cv1 fell 2.65%.
A run of demand from Mexico, including the biggest daily U.S. export sale in a year, as announced on Wednesday, shifted attention away from the rapid U.S. harvest.
The USDA reported on Friday that exporters sold 125,000 tons of corn to unknown destinations for 2024/2025 delivery.
The USDA reported a net 2,225,700 metric tons of U.S. corn were sold for 2024-25 export in the week ending Oct. 10, surpassing analyst expectations.
Reporting by Renee Hickman in Chicago
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