May corn was down 1-1/2 cents at $6.02 per bushel, new-crop December down 2 cents at $6.24. Lower gold prices and higher dollar pressure market, but corn pares losses as crude oil rebounds. Profit-taking noted after Thursday's rally to a record high in the July 2009 contract. Slow US corn plantings due to wet weather underpin values.
Moderate to heavy rains fell overnight in the western US Corn Belt and more showers forecast for the entire Midwest through Saturday, adding to planting delays. Nine-day RSI for May at 63 ahead of the open, nearing overbought range of 70-100.
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