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March Corn is trading at 355 3/4, down 1 1/2 cents/bushel.
May Corn is trading at 362 1/2, down 1 1/2 cents/bushel.
Corn futures are trading at the session lows. Corn used for ethanol production last week totaled 110.15 million bushels, corn used for ethanol production for this crop year is now at 1.94 billion bushels.
The USDA weekly corn export sales report is due out at 8:30 a.m. ET. The USDA crop production report is due out at 12:00 p.m. ET. Trading is expected to be choppy.
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