Corn futures at the Chicago Board of Trade were weak early on Tuesday in a typical choppy weather market, traders said. Corn held firm at the open amid weather jitters and following a strong open in soy. But selling by trade house Rand Financial and a lack of bullish momentum turned corn weak in thin choppy dealings, traders said.
At 10:04 am CDT (1504 GMT), CBOT corn was down 1/4 cent to up 1/4 cent per bushel. July was unchanged at $2.20-3/4 per bushel. New-crop December was up 1/4 at $2.38-3/4.
Dryness in parts of the eastern Midwest continues to keep aggressive selling away from corn futures, pit sources said. However, volatile dealings are possible amid forecasts for showers later this week in the drier areas of the eastern Midwest.