Corn Futures Little Lower

May Corn is trading at 377, down 1 1/4 cents/bushel. July Corn is trading at 383 3/4, down 1 3/4 cents/bushel. Corn futures are trading rangebound and a little above the session lows. Chatter about weather forecasts for U.S. corn planting is making the rounds. Market talk about demand impacts from the South Korean ban of imports of U.S. poultry due to H7 bird flu virus on a chicken farm in Tennessee has been showing up. The USDA reported on Monday that corn export inspections as of March 2nd are now 48.4 percent of the agency forecast versus the five year average of 44.2 percent.
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