Summary Box: Corn rallies, then falls, as traders back off supply concerns

Summary Box: Corn seesaws as traders see a top

STONG START: Corn prices opened with a rally Monday morning, hitting the highest level in two years as prices traded around $5.22 a bushel. Traders backed off the highs as the day progressed, and corn finished down 5 cents at $5.0825.

CONCERNS REMAIN: A drop in corn prices doesn’t necessarily signal and to the long runup in grain prices. Soybean prices rose 15.25 cents Monday to $10.8425 a bushel.

OIL CLIMBS: Oil and other energy contracts rose after a new report said the recession ended in June 2009. Benchmark oil for November delivery rose $1.27 to settle at $76.19 a barrel.