CBOT corn rises for fourth consecutive day due to strong export sales

On Friday, Chicago Board of Trade (CBOT) corn futures rose for the fourth consecutive trading day, with the benchmark closing up about 0.6% due to strong US corn export sales.

As of the close, corn futures rose by 0.25 cents to 3 cents, with the 12-month futures rising by approximately 2.50 cents to close at 421.50 cents per bushel; The March period rose by about 3 cents, closing at 435 cents per bushel; The May term rose by about 2 cents and closed at 441.75 cents per bushel.

The most active trading range for the 12-month term is between 418.25 cents and 424 cents.

On Thursday, the estimated trading volume for the benchmark period was 269297 lots, compared to 228021 lots on the previous trading day. The short position is 747184 lots, compared to 747736 lots on the previous trading day.