May corn was up 3-1/2 cents at $6.03-1/2 per bushel, new-crop December up 3 cents at $6.33-1/4. Supported by slow US corn planting pace due to wet weather; more rain and cold weather is forecast for the next several days. USDA said corn seedings 10 percent complete, behind five-year average 35 percent.
New record high $6.59 per bushel set in July 2009 contract overnight. The US Midwest will be clear until Thursday when another round of showers moves through, adding to planting delays. Beijing frets as China farmers look away from corn. US cash corn basis steady/firm.
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