CBOT corn falls on global demand uncertainty

Chicago Board of Trade corn futures fell on Monday, pressured by global market uncertainty as China released weak economic data that could translate to fewer agricultural imports from the United States, analysts said.

• CBOT September corn (CU2) fell 13 cents to $6.26-3/4 per bushel and most-active December (CZ2) lost 14 cents to $6.28-1/4, falling for the first time in four sessions.

• The People's Bank of China cut key interest rates on weaker-than-expected economic data from the world's second-largest economy, raising concerns of a global recession.

• U.S. exporters prepared 538,406 tonnes of corn for inspection during the week ended Aug. 11, down 3.1% from the week prior, according to the U.S. Department of Agriculture.

• The U.S. corn crop is expected to be rated at 53% good to excellent on Monday afternoon, a Reuters poll of analysts said. That's down two percentage points from the week prior.