Corn Popping Higher on Wednesday with Spillover from Wheat

Corn prices moved higher on Wednesday morning, with gains of 3 to 4 cents attributed largely to strength in wheat markets providing underlying support for the grain complex. Open interest fell by 17,119 contracts, predominantly reflecting the ongoing transition out of the nearby September futures contract as traders repositioned for future months.
The previous session had seen marginal weakness across corn futures, with losses ranging from 1 to 2 cents. The CmdtyView national average cash corn