Corn: December corn fell 6 1/4 cents to $4.48 3/4, near the daily low and hit a 3.5-month low. The corn futures market saw still more technical selling today. Lower wheat and soybean prices today also limited buying interest in corn. Soybeans: January soybeans fell 9 1/2 cents to $12.43, near the daily low and closed at a two-month-low close. December soybean meal lost $5.60 to $334.60, near the daily low and hit another two-month low. December soybean oil lost 30 points to 66.71 cents, nearer the daily low. The soybean and meal futures saw more technical selling pressure. Soybean and meal futures have also been pressured this week by the Brazilian real depreciating against the U.S. dollar – making Brazilian beans more price-competitive versus U.S.
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