Corn Futures Little Changed

September Corn is trading at 323, down 1/2 of a cent/bushel. December Corn is trading at 331 3/4, down 1/4 of a cent/bushel. Corn futures are trading rangebound. The USDA reported on Thursday that corn export sales for the 2016 to 2017 marketing year as of August 18th are now 20.2 percent of the agency forecast versus the five year average of 24.2 percent. The Buenos Aires grain exchange has forecast that Argentina's corn crop will be near 28 million tonnes, the estimate was unchanged from their previous forecast.