Monday March 1st, 2010

Corn finished the day lower amid pressure from a firmer dollar, slumping wheat and fund selling. The market was unable to extend last week's rally, which many where expecting follow through fund buying amid first of the month activities. Shortly after the market opened funds failed to show up the party and corn began heading south, ultimately closing down 7 cents. While a stronger dollar has been driving down corn prices, early talk of delayed plantings has helped to stem loses, although with planting a good month away, concern over delayed planting isn't too significant.

Chris Spurlock