OREANDA-NEWS. February 19, 2015. Corn futures on the Chicago Board of Trade slumped 1.5 percent on Wednesday for their biggest daily losses in three weeks, pressured by profit-taking and technical selling, traders said.

Most-active CBOT March corn rose to a one-week high in the previous session largely on the back of gains in soybeans and wheat futures. Each market was lower Wednesday, with traders citing plentiful global grain supplies and technically overbought conditions in futures.

Investors also continued to roll positions out of March contracts and into May, further weighing on the front month, CME Group data showed.