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Corn futures were firmer throughout the day and ended 2 1/4 to 4 1/2 cents higher on help from strength in the dollar and on pre-report position squaring. Sharp weakness in the U.S. dollar index helped keep corn in positive territory despite a weakening of soybean futures into the close. Traders don't want to be caught too heavily short or long heading into the report, but following the steep price decline in December, traders have opted to cover short positions.
*Disclaimer: The information in the Market Commentaries was obtained from sources believed to be reliable, but we do not guarantee its accuracy. Neither the information nor any opinion expressed therein constitutes a solicitation of the purchase or sale of any futures or options contracts.