Afternoon Comments 09/02
The corn market followed wheat lower Tuesday. The grain and soy futures began the week trading firmly, although there was little fresh news. Corn futures later turned downward, possibly reflecting disappointment with the weekly Export Inspections report, as well as favorable late-season weather. The concurrent wheat breakdown probably added to the pressure. December corn futures skidded 1.0 cent to $3.6375 in late Tuesday trading, while May edged down 1.25 to $3.8475.