September Corn finished down 7 1/4 at 364, 7 3/4 off the high and 2 1/4 up from the low. December Corn closed down 6 1/2 at 378. This was 2 1/4 up from the low and 7 1/2 off the high.

    December corn moved below its 100-day moving average overnight for the second trading session in a row before extending its losses into the day session. This was followed by another minor new low for the day in early afternoon. December corn traded at its lowest level since July 1st today with traders crediting the losses to an improved weather outlook for the US corn crop. This included ideas that last week´s weather was more favorable than initially expected, and traders are looking for today´s Crop Progress report from the USDA to show the good-to-excellent quality rating of the US corn crop to be unchanged to slightly higher than last week. Last week´s good-to-excellent rating was 72%. This week´s export inspections for corn were 42.421 million bushels, up from 40.760 million last week. Inspections need to average 50.785 million bushels each week for the remainder of the 2009/10 crop marketing year in order to meet the USDA´s current export projection.

    September Rice finished down 0.105 at 10.17, 0.13 off the high and equal to the low.