CHICAGO: Chicago Board of Trade corn futures closed fractionally higher on Monday as spillover support from wheat futures offset pressure from declines in soybeans and the expanding US harvest, traders said.
CBOT December corn settled up 1/4 cent at $3.53-3/4 per bushel and stayed inside of Friday's trading range.
Ahead of the US Department of Agriculture's weekly crop progress report due later on Monday, analysts surveyed by Reuters expected the government to report the US corn harvest as 14 percent complete.
Showers slowed field work in portions of the northwestern Midwest over the weekend, but the rest of the region stayed dry and should remain so this week.
Unusually hot temperatures in the Midwest over the last week have accelerated crop maturity and should promote a quick harvest pace in the coming days.
China imported 380,000 tonnes of corn in August, a 14-fold year-on-year jump, as buyers stocked up on cheaper imports after domestic prices of the grain rose, data from the General Administration of Customs showed on Saturday.
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