Corn futures closed 2 to 3 cents higher on Tuesday, with the national average Cash Corn price at $3.94 1/4. EIA data to be released Wednesday is expected to show a decrease in ethanol output. NASS reported December corn used for ethanol at a record high of 488.26 million bushels, up 5.1% from the previous month. A South Korean importer bought 134,000 MT of corn in a recent tender. Corn prices closed at $4.28 1/2 for Mar 26, $3.94 1/4 for Nearby Cash, $4.35 3/4 for May 26, and $4.42 for Jul 26.

Read more at Yahoo Finance: Corn Closes with Tuesday Strength