date:Jul 16, 2013
The corn market sank sharply lower today led by losses in the December contract following a midday weather forecast that pushed more rain to the west and offered cooler temperatures by the end of July.
The market traded lower in light volume overnight but the market saw confirmation from the USDA that US exporters sold 960,000 tonnes of new crop corn to China this morning and traders sold into the news as the rumored sale was reported earlier this week.
The demand is seen as a positive develo