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Markets

CBOT corn up for 6th straight session on technical buying

Published December 27, 2017 Updated December 27, 2017 09:25pm
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By Shoaib Ur RehmanReuters
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CHICAGO: Chicago Board of Trade corn futures rose for a sixth straight session on Wednesday, lifted by technical buying and end-of-year position squaring, traders said.

Front-month CBOT March corn settled up 1 cent at $3.53-3/4 a bushel after reaching a session high of $3.54-1/4, the highest since Dec. 6.

Slow sales of corn by US farmers underpinned bids in US cash grain markets and also supported futures.

Trading volume was light. Volumes on Tuesday and last Friday were the smallest in about two years, CME Group data showed on Wednesday.

 

Copyright Reuters, 2017
 

 

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