Corn futures on the Chicago Board of Trade were higher early on Friday on short-covering and continued evidence of brisk demand for corn despite high prices, traders said.
Gains in crude oil and gold also gave corn prices some support as did gains in soy, they said. At 10:01 am CST (1601 GMT), CBOT corn was up 1-1/2 to 6 cents, with December up 6 at $3.80-3/4 per bushel.
Traders and analysts said still solid demand for corn from the livestock, ethanol and export sectors continued to provide a firm base for futures. Oat futures were down 1-1/4 to 1-1/2 cents, with December down 1-1/4 at $2.83-1/4 a bushel.
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