Corn futures at the Chicago Board of Trade were mixed with a firm undertone early on Thursday amid support from the government's export sales report, traders said.
Solid demand for corn, firm cash basis markets and slow farmer selling were combining to give the corn futures market some buoyancy after a sharp slide that began on Friday and continued this week.
Also, the market is technically oversold, which was leading to the potential for a short-covering bounce, they said.
At 10:11 am CDT (1511 GMT), CBOT corn was up 3/4 cent to down 1-3/4 cents per bushel, with September up 1/2 cent per bushel at $2.22 per bushel. New-crop December was up 1/2 at $2.38-1/2.
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