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Chicago Board of Trade corn futures were up 1.7 percent on Wednesday, boosted by outlooks for hot temperatures and limited rainfall in US growing regions, traders said. CBOT September corn finished 5-1/2 cents higher at $3.82-1/2 per bushel and new-crop December corn 5-1/2 cents higher at $3.96-1/4, with each contract rising for the second straight session.

Investment fund and chart-based buying also buoyed prices, the traders said. Open interest in corn futures increased to the highest levels in about a month during Tuesday's session of higher prices, suggesting that investors were making new long or bullish bets, CME Group data showed.

Copyright Reuters, 2017


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