Corn prices saw a slight increase of 1 to 2 cents in the front months on Tuesday following a session where contracts closed down 1 to 2 cents. Open interest also rose by 5,170 contracts on Monday. Export Inspections data revealed that corn shipments totaled 1.308 MMT in the week ending February 5, with Mexico being the top destination. USDA’s WASDE report is expected to show no major changes to US ending stocks, with an average trade guess of 2.215 bbu. Corn futures closed at $4.28 3/4 for Mar 26, $4.37 for May 26, and $4.43 3/4 for Jul 26.
Read more at Yahoo Finance: Corn Posting Early Turnaround Tuesday Gains
