CHICAGO: Chicago Board of Trade corn futures rose on Wednesday as optimism over US export sales outweighed weather forecasts that bode well for strong yields this fall.
CBOT September corn settled up 4-3/4 cents at $3.27-1/2 per bushel and new-crop December ended up 4 cents at $3.34-3/4 per bushel.
Private exporters reported the sale of 207,880 metric tonnes of corn to unknown destinations, according to the US Department of Agriculture.
The United States on Tuesday ordered China to close a consulate in Houston, escalating diplomatic tensions and putting future agricultural commodity purchases in doubt.
China this month made its second-largest single-day US corn purchase on record, according to USDA data.
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