Corn little higher

Corn Futures are trading a little higher Friday morning. September Corn is trading at 385 3/4 , up 3 cents and December Corn is trading at 395 1/4, up 3 cents. Market chatter about too much rain and possibly lower yields has kept trading very active. Some chatter about yields near 163 bushels per acre versus the current USDA forecast of 166.8 has been making the rounds. The International Grains Council raised it's estimate for global corn production to 963 million tonnes up about 2 million from the earlier estimate. On Thursday the USDA reported that weekly corn export sales were 794,300 tonnes.