December Corn finished down 1/4 at 649 1/4, 16 1/4 off the high and 3/4 up from the low. March Corn closed up 3/4 at 660. This was 1 1/2 up from the low and 15 off the high. December corn closed 1/4 of a cent lower on the session but up 9 1/4 cents for the week. The close was more than 15 cents off of the early high as the market failed to find new buyers after the early jump and weakness in the soybean market added to the selling trend after the early surge. The early rally pushed the market to the highest level since September 27th. The surge higher in energy and metal markets and a drop in the US dollar helped to support strong buying and sharply higher trade early today. Optimism that the weekend summit in Europe may result in a plan to ease euro debt crises concerns helped to provide underlying support. News of active export sales this week with confirmation to China and a jump in ethanol production this week helped to support demand concerns and traders see the lack of selling from producers as a positive force as well. A lack of selling in the cash market from producers into the heart of harvest continues to provide some underlying support. November Rice finished up 0.09 at 16.405, 0.055 off the high and 0.025 up from the low.

Bron: CME