date:Oct 22, 2012
December corn settled nearly unchanged on the day but spent most of the day in positive territory before turning lower into the close as outside market liquidation became too much for the corn bulls.
US Stocks, crude oil, and metals were sharply lower on the day.
Corn basis in the Gulf of Mexico was steady to slightly weaker on poor export demand but basis in the interior of the US remains strong vs. historical levels.
Firm cash corn markets in Argentina added strength to futures to end the