Chicago Board of Trade corn futures were holding firm early on Wednesday with cash markets giving futures a slight boost but trading was quiet, traders said. The market also found some mild support from scattered short-covering amid the presence of a large net short position in corn futures.
At 10:10 am CST (1610 GMT), CBOT March corn was up 3/4 cent per bushel at $1.99-3/4 per bushel. Deferred months were up 1/4 to 1 cent per bushel. Locals were light buyers and SAK Futures bought 100 March, pit sources said.