Chicago Board of Trade corn futures ended higher on Wednesday, tracking broad-based strength in commodities and Wall Street equity markets tied to hopes the coronavirus epidemic in China will be contained.
CBOT March corn settled up 3-1/4 cents at $3.83 per bushel.
Still, the March contract has been stuck in a 9-cent range for the last two weeks between $3.76 and $3.85 a bushel.
The US Energy Information Administration said US output of corn-based ethanol in the latest week fell to 1.033 million barrels per day, while stocks rose to 24.36 million barrels.
Ahead of the US Department of Agriculture's weekly export sales report on Thursday, analysts expected the government to show corn sales in the week ended Feb. 6 at 700,000 to 1.2 million tonnes.
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