CBOT corn futures rise on technical buying

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Chicago Board of Trade () corn futures rose on Friday, bolstered by a surge in futures, improved export demand and buying, said.
CBOT December corn settled up 8-1/2 cents at $3.71-1/4 per bushel and most-active March ended up 8 cents at $3.81-1/4.
There were no deliveries against the CBOT’s December corn contract. Some traders had been expecting deliveries of zero to 400 contracts, and a few anticipated heavier deliveries of 500 to 1,500 contracts.
Weekly US corn export sales were 806,800 tonnes, compared with ’ estimates for 400,000 to 900,000 tonnes.
Improving South American crop weather capped the price rally, traders said.
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