Chicago corn futures rise on export demand, rate cut hopes

CHICAGO, Nov 25 (Reuters) - Chicago Board of Trade corn futures turned higher on Tuesday, recovering from recent losses in a flurry of short-covering and amid reports of healthy corn export demand, market analysts said.

• Grain markets also drew support from rising investor expectations for a U.S. interest rate cut next month. MKTS/GLOB

• CBOT March corn CH26 settled up 1-1/2 cents at $4.38-1/4 per bushel.

• The corn cash market remained firm this week, as grain buyers looked to stock up ahead of the holiday and amid weather forecasts for a winter storm moving through the Great Lakes and Midwest, market analysts said.

• Futures traded within a relatively narrow range as traders began squaring positions ahead of the U.S. Thanksgiving Day holiday, analysts said. And the absence of a signed trade agreement between Washington and Beijing has left the overall agricultural markets exposed to reversals, market analysts said.

• The U.S. Department of Agriculture reported net export sales of corn at 1,326,600 metric tons for the week ended October 9, within trade expectations.