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GRAINS-Corn eases 1% as USDA tempers fears over crop condition

U.S. corn futures fell 1% on Tuesday after the U.S. Department of Agriculture said the condition of North American crops was better than expected, easing fears that production will fall short of official forecasts. FUNDAMENTALS * The most active corn futures on the Chicago Board Of Trade were down 0.9% at $4.43 a bushel by 0043 GMT, having closed down 2.7% in the previous session. Prices hit a five-year high of $4.64-3/4 a bushel on Monday on [Source]

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Topics: corn, bushel, down, futures, fears

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