Corn prices rose 2 to 3 ½ cents on Wednesday after posting small losses on Tuesday. Preliminary open interest decreased by 1,533 contracts. Export inspections data showed 1.484 MMT of corn shipped last week, with Mexico being the top destination. A Taiwan importer bought 65,000 MT of US corn. ANEC estimates Brazilian corn exports in January at 3.45 MMT, up 0.18 MMT from the previous week. Corn futures closed at $4.23 ¾ for Mar 26, $4.31 ¼ for May 26, and $4.37 ¾ for Jul 26. Cash corn price was $3.86.

Read more at Yahoo Finance: Corn Posting Wednesday AM Gains