Corn Little Changed

Corn futures are trading steady Tuesday morning after Monday's sharp decline. September Corn is trading at 405 1/2, up 1/2 of a cent and December Corn is trading at 416 3/4, up 3/4 of a cent.

On Monday the USDA reported that weekly corn export inspections were 1.161 million tons. Market chatter about crop conditions and yields of the U.S. crop is ongoing. Market talk that southern hemisphere corn will continue to come in to U.S. ports into August has been making the rounds.