OREANDA-NEWS. February 05, 2015. Corn futures on the Chicago Board of Trade edged lower as investors took profits on Wednesday, a day after a rally that saw the biggest gains in corn prices in a year.

Most active CBOT March corn earlier tested Tuesday's high of \\$3.88-1/2 per bushel but the contract did not surpass that level, sparking a round of selling. Open interest during Tuesday's session plunged by nearly 12,000 contracts, according to CME Group data on Wednesday, suggesting investors were exiting short positions.

A rebound in the dollar as well as increased ethanol supplies and lower production of the corn-based biofuel also weighed on futures.