
Dec 18 (Reuters) - Chicago Board of Trade corn futures rose for a second day due to strong U.S. export demand, though pressure from low wheat prices limited gains. Wheat competes with corn in the animal feed market.
Chicago corn futures touched a three-week low during Tuesday's trading session.
Solid U.S. export demand underpinned CBOT corn, analysts said.
U.S. corn export sales for 2025-26 reached nearly 1.8 million metric tons in the week ending on November 27, the USDA said. Analysts expected 1 million to 2 million metric tons.
On Wednesday, CBOT March corn CH26 settled up 4 cents at $4.44-1/2 per bushel.