Corn prices dropped 2-3 cents at CME, closing Monday 4-5 ½ cents lower. Open interest down by 1,259 contracts. USDA reports 56% of US corn silking, 14% in dough stage. Condition ratings unchanged at 74% gd/ex. Grain Inspections noted 983,625 MT for export. South Korean importer tenders for 140,000 MT of corn. Corn prices: Sep 25 at $4.01 1/4, down 2 1/2 cents. Nearby Cash at $3.88 3/4, down 2 1/2 cents. Dec 25 Corn at $4.20, down 2 1/4 cents. Mar 26 Corn at $4.37 1/2, down 2 1/4 cents. New Crop Cash at $3.78 3/4, down 2 1/2 cents.

Read more at Yahoo Finance: Corn Pullback Extends into Midday, well off of Lows