Corn ends lower despite rising Chinese imports

Corn prices fell on Friday, due to coronavirus concerns, despite the US dollar's drop against most currencies and positive Chinese imports data.

Corn was lifted earlier today, Friday, while investors awaited the release of the US Department of Agriculture report on supply, demand, and exports of the US farm goods.

A recent report by the USDA showed that China's imports of US corn for the 2020/2021 marketing season reached 22 million tonnes, beating the department's official estimates of only 7 million tonnes.

The dollar index fell against a basket of currencies by 0.3% to 92.2 points as of 21:12 GMT, after it hit a high of 92.8 points and a low of 92.1 points.

Corn December futures fell 0.8% to $4.06 per bushel, after hitting a day high of $4.12 and a low of $4.05.