CHICAGO: Chicago Board of Trade corn futures rose for the fourth session in a row on Wednesday, their longest streak of positive closes since early June, following the soybean market higher.
Technical buying helped to support the market after prices for the benchmark December contract dipped below the 20-day moving average.
Traders also said that investment funds were actively covering short positions as expectations for a record US crop have already been dialed into the market.
CBOT corn futures have risen 2.4 percent during the four-day win streak, rebounding from a seven-year low hit after the US Agriculture Department forecast that the upcoming harvest would be the biggest ever.
Good crop weather across the US Midwest limited the buying in corn.
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