CHICAGO, March 18 (Reuters) - Chicago Board of Trade corn futures ticked up on Wednesday as money flowed toward those markets and crude oil gave corn strength.
Oil prices rose more than 5% on Wednesday after Iran's Revolutionary Guards threatened to attack several energy facilities across the Middle East, heightening the risk of further disruptions to energy supplies in the region.
Strength in crude oil CLc1 was seen as supportive given corn's role as a feedstock for ethanol.
Higher-than-expected inflation numbers on Wednesday were also supportive, with money tending to flow into the grain and oilseed sector when inflation expectations rise, analysts said.
Analysts polled by Reuters expected the U.S. Department of Agriculture to release weekly corn export sales of 600,000-1,800,000 metric tons for the week ended on March 12.
CBOT May corn CK26 settled up 9-1/4 cents at $4.63-1/4 per bushel.