Corn futures at the Chicago Board of Trade turned firm early on Tuesday after new contract lows were set with buoyancy stemming amid spillover support from gains in wheat and soy, traders said.

At 10:09 am CDT (1509 GMT), CBOT corn was up 1/4 to down 1 cent per bushel, with December up 1/4 at $1.99-3/4 per bushel. The new low for December is $1.98-3/4 per bushel, below the previous low of $1.99 that was set in the overnight e-cbot trade.

Pit sources said FIMAT Futures bought 200 December and Calyon Financial sold 1,000 December.

Traders said the corn futures market was caught in the grip of bearish input from an abundant supply of corn.

Copyright Reuters, 2005