CBOT corn rises as parts of US midwest remain dry.

Position:Chicago Board of Trade

Chicago Board of Trade (CBOT) corn futures firmed on Wednesday on worries that dry conditions would drag down crop yields in parts of the US Midwest, traders said. Prices rebounded from early lows as spillover selling pressure in response to lower stock markets and crude oil faded. CBOT September corn rose 2-1/2 cents to $4.06-1/2 per bushel and new-crop December corn closed up 1-1/2 cents at $4.14 a bushel. Both held support at their 200-day moving averages but hit overhead resistance at their 100-day moving averages. Dry...

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