Corn, Wheat Lower

Corn futures moved sharply lower after the USDA report was released Tuesday. May Corn settled at 376 1/4, down 18 1/4 cents. July Corn settled at 384 1/4, down 18 1/4 cents. December Corn settled at 400 3/4, down 17 1/2 cents. Wheat futures traded lower after the USDA report and ended the session just off the lows. May Chicago Wheat settled at 511 3/4, down 18 1/2 cents. July Chicago Wheat settled at 514, down 19 1/4 cents. May Kansas City Wheat settled at 559 1/4, down 17 cents.