May Corn finished down 3 1/2 at 365 1/2, 5 1/4 off the high and 3 up from the low. December Corn closed down 2 1/4 at 394 3/4. This was 3 1/4 up from the low and 4 1/2 off the high.

    The corn market saw 2-sided trade today, but it was heavily weighted to the down side. The day session started lower after release of the USDA´s supply and demand report for March which showed a big jump in ending stocks and an even bigger drop in projected exports. The May contract firmed to marginally higher on the day into early mid session along with a sharp rally in soybeans, but prices quickly retreated to lower on the day with the May contract making a new low for the session in early afternoon. Funds were moderate sellers on the day. On its report, the USDA raised ending stocks to 1.799 billion bushels from 1.719 billion in February. Traders had been expecting stocks near unchanged. Exports were lowered by 100 million bushels to 1.9 billion as export sales and shipments both continue to lag the average pace for this point in the crop marketing year. The USDA also revised the 2009/10 average corn yield down to 164.9 bushels per acre from 165.2 last month with production down 20 million bushels as a result. World ending stocks for the 2009/10 season came in at 140.15 million tonnes as compared with 134.04 million tonnes last month and 146.40 million tonnes last year. World usage was revised slightly higher while world production shot up 5.86 million tonnes to 803.69 million tonnes. This was led by a 3.8 million tonne jump in Argentina production to 21 million which was largely expected.

    May Rice finished down 0.34 at 12.68, 0.35 off the high and equal to the low.