Chicago corn higher on strong demand, wheat strength

Dec 24 - Chicago Board of Trade corn futures edged up on Wednesday on strong demand and spillover strength from rising wheat futures, analysts said.

• As well as tracking strength in wheat, the corn market remained supported by brisk U.S. exports.

• The U.S. dollar weakened on Wednesday and was set for its biggest yearly fall since 2017, as investors wagered the Federal Reserve would have room to cut rates further next year even as most of its peers look finished with easing.

• A weaker dollar tends to make U.S. exports cheaper and more competitive for holders of other currencies on the global market.

• Trade remained light ahead of Thursday's Christmas holiday, when markets will be closed.

• CBOT March corn CH26 settled 3-1/2 cents higher at $4.51 per bushel.