Corn Little Changed

Corn futures are little changed Wednesday during early trading. May Corn is trading at 389 1/4, down 1 3/4 cents. July Corn is trading at 397 1/4, down 2 cents. Chatter about less production outlooks for the U.S. and some European regions brought in some buyers Tuesday. Market talk that some production estimates for Brazil production was lowered to 72.5 million tons versus the USDA estimate of 75 million is making the rounds. Talk of too much rain and possible delays in plantings in the Southern Hemisphere in on the table. The USDA raised Argentina's corn production estimate to 23.5 million tons versus 23 million in February. Warmer and generally better weather in the U.S. has caused some market talk about increased farmer selling.