Ag markets proved rather volatile Wednesday morning
Corn futures followed wheat higher Wednesday morning. The corn market has bounced from technical support this week with a big assist from surging wheat prices. Wheat gains and talk of potential spring dryness in the U.S. and Black Sea appear to be boosting prices, but traders were probably encouraged by the reported drop in domestic ethanol inventories. May corn gained 2.0 cents to $4.8525/bushel around midsession Wednesday, while December added 2.0 to $4.8325. .
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