March corn was up 10 1/2 cents late in the overnight session. Outside market forces look bullish today with a surge down in the US dollar and sharply higher trade for energy and equity markets. While there has been no noticeable improvement in export demand on the sharp break of the past few weeks, traders are on the lookout to see if China may have interest for restocking purposes, and this has helped to provide some underlying support. December corn closed sharply lower on the session on Friday and saw the lowest close since March 17th. Talk of the short-term oversold condition of the market and a shift from bearish to bullish for outside market forces helped to support the market early in the session. A move higher in energy and metal markets and a shift from sharply lower to sharply higher in the stock market into the opening lent support. However, the rally could not hold and the market closed down sharply on the session and just 2 1/2 cents, up from the 580 strike price. Net weekly export sales came in at just 312,000 metric tonnes for the current marketing year and 38,000 for the next marketing year for a total of 350,000 which was well below trade expectations. As of November 17th, cumulative corn sales stand at 53.8% of the USDA forecast for 2011/12 (current) marketing year versus a 5 year average of 43.0%. Sales of 455,000 metric tonnes are needed each week to reach the USDA forecast. Talk that Ukraine exports for the 2011/12 season will not be able to exceed 20 million tonnes due to a shortage of rail cars helped to provide some support. More talk that key corn importers like Japan will be shifting to using more feedwheat this year helped to limit the recovery bounce. While the export outlook is clouded, traders see very strong margins for ethanol and livestock producers, and domestic demand may be moving along at a higher clip than the current USDA estimates. Mexico producers were hit with the worst drought in 70 years to help limit production this season. Romania saw a record corn crop this season at 11.5 million tonnes from 9 million last year. Argentina corn plantings are thought to be near 71% complete, down 3% from last year.