CHICAGO: Chicago Board of Trade corn futures closed firm on Wednesday on positioning before the release on Thursday of USDA's February crop production and supply/demand reports.
* The euro slid from a two-month high versus the US dollar in choppy trading on Wednesday as the outcome of a meeting of Greek political leaders on the country's second bailout package remained up in the air, although investors were optimistic overall that a deal will be completed.
* An average of analysts' estimate for corn exports in USDA's weekly export sales report to be released at 7:30 a.m. CST (1330 GMT) on Thursday was from 800,000 to 1,150,000 tonnes last week versus 974,900 tonnes the previous week.
* Traders were reluctant to hold large short positions in the corn market ahead of the release at 7:30 a.m. CST (1330 GMT) on Thursday of the US Department of Agriculture's February crop production and supply/demand reports.
* Market is expecting USDA to trim 2011-12 US ending stocks of corn and also expecting USDA to cut its forecast for Argentina's 2012 corn production.
* Bloated ethanol stocks should worry corn bulls - Gavin Maguire.
* Key support for March at its 100-day moving average of $6.34-1/4 and major resistance at its 200-day MA of $6.65. The nine-day RSI was at 60.
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