Chicago Board of Trade corn futures were higher early on Friday on a short-covering bounce before the weekend amid weather uncertainty, traders said. Also supportive were firm US cash markets as processors competed with exporters for fresh supplies amid quiet farmer movement, traders said.
July corn was 2 cents higher at $2.35 per bushel by 10:25 CDT (1525 GMT). The back months were 1-1/2 to 2-3/4 cents firmer. Calyon bought 1,500 December and J.P. Morgan bought 1,000 July. UBS Warburg sold 1,000 September, traders said.