December Corn finished up 3 1/4 at 411 1/2, 11 1/2 off the high and 13 1/4 up from the low. March Corn closed up 3 3/4 at 429 1/2. This was 13 3/4 up from the low and 10 3/4 off the high.

A turnaround day saw corn open higher and extend the gains into mid session before selling off to new lows on the day late in the session. Funds were active participants, buying at least 4000 contracts early before selling into the close. The early strength was credited to higher stock markets around the world overnight and continued strength in the US stock markets during the day. Traders said that added strength came from a higher crude oil market and a sharply lower dollar. Cash markets are quiet this morning with cash market sources indicating that farmers remain light sellers. Harvest progress was said to be rapid over the weekend under nearly ideal conditions. Progress is expected to slow to start the week, however, as rains move into the western and northwestern Corn Belt today. They are expected to move on through the central and eastern belt tomorrow with amounts expected to be light to moderate and coverage somewhat scattered. The Export Inspections and Crop Progress Reports will be out tomorrow, one day late due to the Columbus Day Holiday. Basis levels were firmer at the Gulf to start the week amid a lower barge freight market and light farmer selling.

November Rice finished down 0.12 at 16.255, 0.255 off the high and 0.035 up from the low.