December Corn finished down 16 at 592 1/4, 20 3/4 off the high and 2 1/4 up from the low. September Corn closed down 15 3/4 at 573 1/2. This was 2 1/4 up from the low and 20 1/2 off the high.

The corn market opened lower and remained under relentless pressure today as the month-long break has now exceeded $2.00 basis the December contract. Selling pressure came from locals, commission houses and funds as well as from selling by spreaders against wheat and soybeans. The sharp break in crude oil along with a rally in the dollar throughout the session kept the pressure on. Floor traders also noted that good weather is increasing the yield potential in corn by the day. The December contract fell below the psychological support level at 600 this morning which also took it through the May 29th low. Weather remains the main factor in the corn market with traders noting that good weather and forecasts for more of the same are now pushing into the crucial pollination period for much of the crop, making it less and less likely that the corn crop will be stressed into any further yield reductions on the next S&D Report. Cash markets remain mostly steady with farmer selling still at light levels.

September Rice finished down 0.34 at 17.27, 0.06 off the high and equal to the low.