December Corn finished down 2 3/4 at 585, 14 3/4 off the high and 4 1/4 up from the low. March Corn closed down 2 3/4 at 604. This was 4 1/4 up from the low and 14 1/2 off the high.

The corn market opened lower and rallied into early mid session. Prices fell during late morning and into early afternoon with the December contract taking out yesterday's low before finishing moderately lower. Support was said to come from a stronger crude oil market although crude sold off substantially from its early highs by late morning adding to the pressure in corn. Traders said that the International Grains Council's latest estimate of world corn production was a negative price factor early. The IGC raised world production by 15 million tonnes to 774 million tonnes. Funds were buyers of about 4000 contracts into mid session and corn gained on wheat to end the day. Today's deliveries against the September contracts were revised after open. The corn delivery figure was lowered to 203 contracts from a previously announced figure of 636 contracts. This is more in line with conditions in the cash markets, which are tight both in the interior and at the Gulf.

September Rice finished up 0.61 at 18.9, equal to the high and 0.13 up from the low.