Corn Futures Little Lower

March Corn is trading at 364 1/2, down 1 3/4 cents/bushel. May Corn is trading at 371 1/2, down 1 3/4 cents/bushel. Corn futures are trading rangebound and just above the session lows. Corn used for ethanol production last totaled 110.36 million bushels, corn used for ethanol production this crop year has is now at 2.16 billion bushels. The USDA weekly corn export sales report is due out at 8:30 a.m. ET.