Corn Little Lower

Corn futures are trading a little lower Tuesday morning. July Corn is trading at 365, down 3 cents. December Corn is trading at 382 3/4, down 3 1/4 cents. Overnight trading has been mostly lower. Chatter about cold weather in some regions of the U.S. was seen as supportive on Monday. Chatter that Southern Hemisphere corn is cheaper than U.S. corn has led to some selling on rallies. Market talk about increased Chinese selling of state reserves has been making the rounds.