CBOT corn ends lower on improved rainfall and weak demand in producing areas

On June 15, according to media reports, most futures contracts in the CBOT corn futures market closed down on Wednesday, with the benchmark period closing down by about 0.80%, because there may be more rainfall in the corn belt this weekend, and corn demand remains weak.

Weather forecasts point to rain in the western Corn Belt, easing drought conditions in many areas.

Also, there is a call for a pullback correction in the corn market after recent price increases.