CBOT corn futures fall as dollar rises
CHICAGO, Oct 4 (Reuters) -Chicago Board of Trade corn futures weakened with a strong dollar and technical trading in play after exceeding a three-month peak midweek, according to analysts. The rally was supported by strength in the oil market O/R after an Iranian missile attack on Israel.
CBOT December corn CZ24 settled down 3-1/2 cents at $4.24-3/4 a bushel.
For the week, most-active December corn futures Cv1 rose 1.6%.
A rising dollar drove the bearish sentiment in corn, as it tends to make U.S. exports less competitive.
The U.S. Department of Agriculture confirmed private sales of 198,000 metric tons of U.S. corn to undisclosed destinations for delivery in the 2024/25 marketing year that began Sept. 1.
Farmers in France had harvested just 2% of this year's grain maize crop by Sept. 30, well behind the usual pace, data from farm office FranceAgriMer showed on Friday, as rain continued to hamper field work.
Reporting by Renee Hickman; Editing by David Gregorio
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