Corn Futures Little Changed

March Corn is trading at 362 1/2 , down 1 1/4 cents cents/bushel.

May Corn is trading at 369 1/2, down 1 1/2 cents/bushel.

Corn futures are trading rangebound.

The USDA reported on Thursday that corn export sales for the current marketing year as of January 19th are now 69.1 percent of the USDA forecast versus the five year average of 63.1 percent.

The Buenos Aires Grain Exchange estimated that Argentina's corn plantings are 98.3 percent done, they expect better corn yields to offset acreage loss from flooding.