date:Nov 23, 2012
December corn traded lower on the day as traders took profits on gains this week ahead of the Thanksgiving holiday. Traders noted volume was light and markets will be closed tomorrow and reopen Friday morning.
The supportive trade this week was linked to a stronger corn basis in the interior of the US and the Gulf of Mexico as traders anticipate an uptick in export demand in 2013.
The bullish optimism was damped after data showed that ethanol production for the week ending November 16th aver