Corn futures closed lower on Tuesday, with contracts down 1 to 3 ½ cents after Monday’s sharp losses. The national average Cash Corn price was $3.81 1/2. EIA data will be released Wednesday, with traders watching for stable ethanol production. South Korean importers bought 264,000 MT of corn with another tender issued for 140,000 MT. Brazil’s January corn exports are projected at 3.27 MMT, up 0.42 MMT. Corn prices closed at $4.19 3/4, $3.81 1/2 for nearby cash, $4.27 3/4 for May, and $4.34 1/2 for July.

Read more at Yahoo Finance: Corn Closes with Tuesday Weakness