Corn futures at the Chicago Board of Trade turned down early on Tuesday with fading gains in soy futures triggering some quiet and light selling in corn, traders said. The market may have found a bit of underpinning early from a sag rather than an increase in crop condition ratings.
But the crop is through its pollination stage of development, which has moved corn condition ranking to the background as a market influence.
At 10:36 am CDT (1536 GMT), CBOT corn was down 1-1/4 cents to up 1/2 cent. September was down 1 at $2.11-1/2 per bushel. New-crop December was down 1-1/2 at $2.24-1/2.