Corn futures at the Chicago Board of Trade were quietly higher on Tuesday amid slow farmer selling and firm cash basis markets, traders said.
At 10:08 am CST (1608 GMT), corn was up 1 cent to down 1/2 cent per bushel, with December up 1 at $1.97-3/4 per bushel. Pit sources said the volume was light, with Citigroup the main buyer of 200 December.
Traders said the corn futures market was attempting to consolidate, or stabilise, just above contract lows that were notched last week. Seasonal harvest lows may have been established, they said.