Corn futures at the Chicago Board of Trade gained early on Wednesday with brisk demand, firm cash basis markets and slow farmer selling lending support, traders said. Support also surfaced amid a short-covering bounce as the market had fallen into oversold technical areas, they said.
At 10:13 am CDT (1513 GMT), CBOT corn was up 1-1/2 to 2-3/4 cents per bushel, with September up 2-1/4 at $2.24-1/4 per bushel. New-crop December was up 2-1/2 at $2.41 per bushel.