Chicago Board of Trade corn futures were fractionally mixed early on Wednesday with traders taking their cue from the volatile moves in the soy market, pit sources said. At 10:20 am CST (1620 GMT), CBOT corn futures were 1/4 cent per bushel lower to 1/2 higher, with December down 1/4 at $1.99-1/2 per bushel. Man Financial and FIMAT Futures each bought 100 December, pit sources said.
Soy futures surged near the open. That activity helped bring in some local buying to the corn futures pit and prices firmed.
However, the buying in the soy pit quickly waned and corn futures began fading. Also, bearish signals stemming from the production this year of a huge, record-large US corn crop weighed on prices.