Corn futures at the Chicago Board of Trade were weak early on Thursday amid ongoing references to bearish near-term fundamentals including recent improved crop weather and large stocks of feed grains, traders said.
At 10:30 am CST (1630 GMT), CBOT corn was down 1/2 to 2 cents per bushel, with May down 1-1/2 at $2.27-3/4 per bushel. Goldenberg Hehmeyer sold 200 May and FIMAT Futures bought 100 May.
Corn analysts were eyeing recent rains in the US Midwest that improved soil moisture reserves, buoying prospects for spring seedings and leading to brighter prospects for the 2006 US corn crop.
They also cited some minor slowdowns in harvesting Argentina's corn crop because of showers but they do not see that as a key issue in CBOT corn futures trends on Thursday.
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