Corn futures at the Chicago Board of Trade turned firm early on Thursday on a mild short-covering bounce from Wednesday's decline amid stellar condition ratings for the US crop, traders said.
The good conditions remain intact but traders and analysts were wary and remained hesitant to be aggressive sellers of corn futures amid some forecasts for potential hotter and drier weather to move into the Midwest after the next week to 10 days.
At 10:12 am CDT (1512 GMT), CBOT corn was up 1/4 to 1-3/4 cents per bushel, with July up 1-1/2 at $2.52-3/4 per bushel. New-crop December was up 1 cent at $2.78.
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