March corn was up 9-1/2 cents at $5.09 per bushel early on Friday. Limit-up move in wheat and rally in soyabeans pushed corn higher. USDA's February stocks forecast was bearish for corn as USDA kept its 2007/08 ending stocks unchanged at 1.438 billion bushels and traders were expected a cut.
Scattered showers seen for the hotter and drier areas of Brazil and drier weather coming for the areas that have seen excessive wet weather, DTN Meteorlogix said. Satisfactory crop weather seen for Argentina. March contract above all key moving averages.
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