US corn futures rose for a second day on dip-buying and signs of improved demand in major markets. The most-active contract in Chicago climbed as much as 0.6% before paring gains, after losing more than 4% in a six-day run of losses through Tuesday. The rebound suggests renewed buying interest following a steep correction in prices.
Traders pointed to stronger-than-expected export demand and weather-related supply concerns in key growing regions as factors supporting the bounce. The recovery comes amid ongoing volatility in agricultural markets.
Analysts note that while the short-term uptick is encouraging, corn prices remain sensitive to broader macroeconomic trends and currency movements.
Market participants are closely watching USDA reports and ethanol production data for further direction.
Source: Bloomberg Markets · Summarized by HeadlinesBriefing