date:Oct 16, 2012
ssions of declines, corn futures on Monday settled around the same level they saw before a jump on Thursday last week, when the USDA forecast tighter domestic corn inventories than traders had expected. Traders saw corn's inability to hold onto the gains late last week as a negative technical signal.
December corn fell 15 1/2 cents, or 2.1%, to $7.37 1/4 a bushel.
Wheat futures received extra pressure from concerns about weak export demand. Wheat traders worry that U.S. supplies remain too exp