Corn prices fell to a one-month low Monday.
Good growing weather in the Midwest boosted confidence that crops will bounce back from devastating flooding last month. Soybeans also dropped.
Weather forecasts show rainfall this week for western Corn Belt states of Minnesota, the Dakotas, central Nebraska and northern Iowa, offering relief as crops enter the critical pollination period.
In eastern Corn Belt states, warm, dry weather is expected to continue this week, boosting crops that were battered by massive June flooding.
Corn for December delivery fell 17.25 cents to $6.92 a bushel on the Chicago Board of Trade after earlier falling to $6.805, the lowest since June 9.