CBOT corn ends firm but below two-month high
Chicago Board of Trade corn futures edged higher on Wednesday, with the market underpinned by concerns the U.S. crop will be smaller than expected.
* CBOT corn (Cv1) surged to its highest since June 27 overnight but spent much of the day session well below that peak.
* The benchmark CBOT December corn futures contract (CZ2) settled up 2 cents at $6.57-1/4 a bushel.
* Corn yield potential in Nebraska was seen at 158.53 bushels per acre, well below average, according to scouts on the annual Pro Farmer Midwest Crop Tour.
* Prospects for corn yield in Indiana also were below average, at 177.85 bushels per acre, according to the Tour.
* Brazilian food supply and statistics agency Conab predicted on Wednesday that the country's 2022/23 corn crop will total 125.5 million tonnes.