Corn futures at the Chicago Board of Trade were weak early on Wednesday as large stocks of corn continued to weigh on the market, traders said. At 10:00 am CST (1600 GMT), CBOT corn was down 1/4 to 1-1/4 cents per bushel, with December down 1/4 at $1.95 per bushel.

Pit sources said the volume was thin and most of the selling stemmed from local traders. Refco Inc bought 200 December.

Mounting concerns about the potential effects of bird flu remains a bearish factor, but there is some underpinning for corn futures from technical signs that the market is oversold, traders said.

Copyright Reuters, 2005