Corn traded moderately higher.

Corn traded moderately higher. At one point December was just 8 cents away from testing the recent 699 1/2 high. With outside markets off our bad, corn held its ground. We have bullish supply based news from Friday and concerns over Argentina's planting and yield numbers ahead. Bears will say there remains clear threats to USDA's overall export and corn for ethanol estimates in addition to recession concerns.

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