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* CBOT March corn settled 2-3/4 cents higher at $3.74 per bushel after hitting its lowest since Nov. 28 in the previous session.
* Corn was supported by renewed demand from global importers after the previous day's steep price decline. South Korean feedmakers were particularly active buyers.
* Traders continue to watch for any corn demand from China following promises by Beijing to purchase "a significant amount" of US agricultural goods and other products.
* The market is monitoring South American weather following hot and dry weather in Brazil and excessive rains in Argentina.