WASHINGTON—Corn futures gained a significant boost from The U.S. Department of Agriculture’s (USDA) monthly supply and demand report that predicted total domestic demand for ethanol by makers of fuel, feed and food products will increase 9 percent to 11.1 billion bushels from last year.
As reported by Bloomberg, corn futures for March delivery rose 3.25 cents, or 0.9 percent, to $3.6175 a bushel on the Chicago Board of Trade, capping the first three-day rally since Jan. 6.
