July Corn finished down 4 1/4 at 586 3/4, 6 3/4 off the high and 4 3/4 up from the low. December Corn closed down 3 3/4 at 613. This was 5 1/4 up from the low and 6 1/2 off the high.

Corn opened lower, traded in a narrow range early, and then rallied to slightly higher on the day late in the morning. However, the market broke back down to near the early range prior to the close and finished lower on the day. The July contract lost to new crop December. Traders indicated that the weakness was based on drier and warmer weather in the Midwest and on the increasing possibility that planting progress will be near 100% by next week. This would put progress near the 10-year average pace. Corn also came under pressure early in the session from spreaders who bought wheat and sold corn. This week's export inspections were 27.318 million bushels. Weekly totals of 48.977 million are needed to reach the USDA's projected export total for the current crop year. Total inspections to date stand at 70.1% of the projected total compared to a 5-year average of 66.1%. Basis levels were steady to firm in the Midwest, but weaker along river points due to weak export demand.

July Rice finished up 0.235 at 20.3, 0.09 off the high and 0.78 up from the low.