CBOT corn futures modestly lower.

PositionChicago Board of Trade

Chicago Board of Trade corn futures ended modestly lower on Wednesday, retreating after the lead December contract hit its highest in nearly two months, as traders squared positions a day ahead of a monthly US government crop report.

CBOT December corn settled down 1-1/2 cents at $3.94-14 per bushel after reaching $3.97-1/4, its highest since Aug. 12. Ahead of the USDA's weekly export sales report, also due on Thursday, traders expected the...

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