Corn futures at the Chicago Board of Trade were higher early on Thursday on supportive export news, short-covering and on solid gains in soy, traders said. At 10:09 am CST (1609 GMT), March corn was up 2-1/4 at $1.97-1/4 per bushel. Other months were up 1/2 to 1-3/4 cents per bushel. Pit sources said Man Financial bought 200 March.
Traders and analysts have said that, although there is a burdensome supply of corn, the demand remains good, which is starting to give the corn futures market a little buoyancy.
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