Corn futures at the Chicago Board of Trade were nearly flat early on Wednesday, with routine exports and plentiful stocks of feed grains acting as an anchor on the market, traders said.
But some support remained in the market from occasional short covering by funds and slow farmer selling. Also, traders remained cautious amid persistent talk that index funds soon may begin to buy corn futures as a long-term hedge against inflation.
At 10:44 am CST (1644 GMT), CBOT corn was down 1/2 cent to up 1/2 cent, with March unchanged at $2.15-1/2 per bushel.
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