US MIDDAY: corn gains

10 May, 2006

Corn futures at the Chicago Board of Trade were higher early on Tuesday as US corn plantings lagged trade estimates and support from other surging markets, especially gold and crude oil, traders said.
At 10:07 am CDT (1507 GMT), CBOT corn was up 1 to 2-1/4 cents per bushel, with May up 1-1/4 cents at $2.28-1/4 per bushel. July was up 1 at $2.38. Pit sources said fund buying was the catalyst for the rally and local traders also were buyers.

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