Corn futures at the Chicago Board of Trade slid on Wednesday on a downward technical correction after this week's short-covering bounce, traders said. Concerns about huge US and global feed grain stocks continue to cap any market recovery and bring prices back into range-bound trade. March corn was down 2 cents at $1.98 per bushel, holding above key support at its 20-day moving average of $1.97 by 10:45 am (1645 GMT). The back months were 1 to 2-1/2 cents lower.

The featured early seller was Cargill Investor Services with 1,000 March, traders said.

Copyright Reuters, 2005