US MIDDAY: corn moves up

11 May, 2006

Corn futures at the Chicago Board of Trade were higher early on Wednesday as gold turned firm amid continued buying of commodities, including corn, by investment funds, traders said.
Traders said corn continued to follow the outside markets and the New York Mercantile Exchange's COMEX gold market began climbing on Wednesday after an early bout of profit-taking pressure.
At 10:01 am CDT (1501 GMT), corn was up 3/4 to 2-1/4 cents per bushel, with May up 1-1/4 at $2.29-3/4 per bushel. July was up 2 at $2.40.

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