date:May 10, 2013
Corn futures traded sharply lower today and were led to the downside by weakness in the July contract early in the session.
Planting is taking place in areas of South Dakota, northern IL, OH, and areas of IN but a storm is expected to roll across the Midwest by tomorrow which will halt progress in many areas.
The outlook is favorable for additional work by mid-next week. Bull spreads broke lower midday on profit taking ahead of Friday's USDA report and after ethanol production for the week end