Ag markets proved generally weak Tuesday night

Profit-taking reportedly hit the crop markets Tuesday night. The crop markets posted impressive gains Tuesday, with the nearby contracts making multi-month highs. Their rallies may persist, especially if country prices remain strong, but the markets apparently suffered from widespread profit-taking in overnight action. May corn sank 4.0 cents to $5.1175/bushel early Wednesday morning, while December slumped 3.75 cents to $5.085.