date:Dec 28, 2012
March Corn finished down 11 at 693 1/4, 13 off the high and 1 up from the low. May Corn closed down 10 1/4 at 696 1/2. This was 1 1/4 up from the low and 12 1/4 off the high.
The corn market traded lower on the day in thin, post-holiday trade. Sluggish export demand and poor ethanol margins continue to keep gains limited in the short term.
Many feel that more corn has been used in feed over the last quarter which could be supportive long term. Additional downside may have been linked to fears