US corn futures ended lower on Wednesday on a technical correction including profit-taking after a rally early this week to record highs, traders said.
"Corn right now continues rangebound with an upward bias and waiting for something to happen, and it will probably be the end of the month March plantings report. We're just kind of waiting it out right now," said Shawn McCambridge, analyst for Prudential Financial.
Chicago Board of Trade corn closed 6-1/4 cents per bushel lower to 1/2 cent higher, with March down 5-1/2 at $5.25 per bushel. Oat futures were down 4-1/2 to 5-1/2 cents, with March down 4-3/4 at $4.12-1/2 per bushel.