Corn Higher

Published 10/21/2011, 09:24 AM
Updated 05/14/2017, 06:45 AM
ZC
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US corn futures close higher in a turnaround from Wednesday's losses.

Prices rose as "a little bit of broad-based buying developed across the floor," says Shawn McCambridge of Jefferies Bache.

He notes wheat futures also closed higher and soybeans ended off their lows. Commodity funds were buyers of the grains, snapping up an estimated 10,000 corn contracts, a moderate amount.

Traders also shrugged off early disappointment with weekly corn-export sales that were toward the low end of expectations. CBOT December corn jumped 11c to $6.49 1/2 a bushel.

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