Corn futures at the Chicago Board of Trade were fractionally mixed on Wednesday in quiet and choppy consolidation trade, traders said.
Corn futures held firm at the open on a mild short-covering bounce after declines on Tuesday. However, gains were limited by active harvesting of a big US corn crop, traders and analysts said.
Corn was up 1/2 cent per bushel to down 1/4 cent. December was down 1/4 at $2.05-1/2 per bushel. Pit sources said RIS bought 300 December.
Traders said the corn market was rattled by reports of larger-than-expected corn yields in this year's corn harvest.
Stone pegged this year's crop to be the second largest ever at 10.980 billion bushels, above the US Agriculture Department's forecast in September for 10.639 billion. Technical support in the December contract was at $2.04-1/2 per bushel and resistance was at $2.06-1/2.
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