On Wednesday, the Chicago Board of Trade (CBOT) corn futures closed slightly higher, with the benchmark period closing up about 0.6%, mainly supported by bargain hunting and position adjustments before major reports were released.

As of the close, corn futures rose by 0.5 cents to 4.50 cents, with the March period closing up approximately 4.50 cents at 418 cents per bushel; The May period closed approximately 2.50 cents higher at 428.75 cents per bushel; The December period closed approximately 1.75 cents higher at 461 cents per bushel.

The most active trading range for the May futures is between 423.25 cents and 429.50 cents.

On Wednesday, the estimated trading volume of corn futures was 241,279 lots, compared to 242,470 lots in the previous trading day. The short position was 1,502,134 lots, compared to 1,501,445 lots on the previous trading day.

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