US MIDDAY: corn moves up

30 Mar, 2006

Corn futures at the Chicago Board of Trade were higher early on Wednesday as traders awaited government plantings and quarterly stocks data on Friday, traders said.
At 11:07 am CST (1707 GMT), CBOT corn was up 1/2 to 2-1/2 cents per bushel with May up 2-1/2 at $2.24-3/4. July was up 2-1/2 at $2.35-3/4. Funds bought 3,000 lots, traders said.
Overhanging the market were abundant supplies of corn and improving soil moisture in the US Midwest ahead of the planting season.

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