March Corn finished down 1/2 at 348 1/4, 5 3/4 off the high and 3 1/4 up from the low. July Corn closed down 3/4 at 370. This was 2 1/4 up from the low and 5 1/2 off the high.

The corn market opened higher and sold off into early mid session. The market firmed back to marginally higher on the day in late morning before easing again into early afternoon. Trade was said to be light with the mixed influences from outside markets today keeping many participants on the sidelines. Funds were on both sides of the corn market into late morning in volume that was also said to be on the light side. Corn lost marginally to wheat in light and featureless trade in that spread. The USDA said that Mexico bought 330,000 tonnes of US corn. This was only considered mildly supportive as Mexico is considered a "captive" market due to its proximity to the US. Basis levels at the Gulf were steady this morning with traders reporting that water levels are expected to drop on the Mississippi near St. Louis and on the Illinois River.

January Rice finished down 0.07 at 12.99, 0.18 off the high and 0.14 up from the low.