Corn Little Lower

Corn Futures are trading a little lower Thursday morning. July Corn is trading at 357 1/2, down 1 1/2 cents and December Corn is trading at 375 1/2, down 1 1/4 cents.

The USDA will report weekly corn exports; estimates are coming in at 850,000 tons. The EU has estimated its corn crop will be 68.1 million tons versus last month's estimate of 66.3 million tons. The USDA Monthly Crop production report is due out 12:00 p.m. ET on June 10. Early estimates are for planted area to reduced by 1.5 million acres due to weather. Chatter about commercial sellers of Corn a little higher than current levels is making the rounds.