Corn futures on the Chicago Board of Trade turned mostly lower on Wednesday on scattered profit-taking in thin dealings, traders said. Corn futures held firm at the open with the futures market influenced by exercising of corn calls in the options pit but there was no bullish momentum in the early going, they said.
At 10:17 am CST (1617 GMT), CBOT corn was down 1-3/4 cents per bushel to up 2-1/2, with December down 1-1/2 at $3.59-3/4 per bushel. Traders said volume should be light, with positioning expected ahead of a shortened holiday trading period. Markets will close at noon CST (1800 GMT) on Wednesday, remain closed on Thursday, the US Thanksgiving Day holiday, and close at noon CST (1800 GMT) on Friday.
Comments
Comments are closed.