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Corn futures are trading steady to fractionally higher this morning after double digit losses on Tuesday. It was new selling, with preliminary open interest for Tuesday up 16, 910 contracts. Most of the increase was in July, Sep and Dec futures. The USDA Prospective Plantings report put national corn acreage at 89.2 million, down 1.8 million from last year and slightly above the average pre-report estimate. March 1 corn stocks, at 7.744 billion, were up from 7.008 billion at this time last year and also at the high end of the trade estimates.