date:May 02, 2013
The corn market traded mixed but mostly lower in today's session. Traders noted that the weaker trade in the July contract throughout most of the session relative to new crop corn was due to an unwind in the July/December calendar spread.
New crop corn contracts saw support due to a forecast that will likely shut down planting across the US by Friday.
A mix of rain and snow is expected to hit most of Iowa along with temperatures that dip down into the 30's for NE and IA. The system will shift