Corn up for 5th day as dry weather threatens U.S. crop.

Corn hovers near last session 1-year high on U.S. dryness. Chicago corn rose for a fifth consecutive session and traded near a one-year high hit in the previous session as concerns over dry weather across the U.S. Midwest triggered short-covering. CBOT corn contract rose 0.4 percent to $3.86-1/4 a bushel, having gained 2 percent in the previous session when prices climbed to $3.87 a bushel, the highest since June 2016. Hot and dry weather in the northern U.S. Plains and northern Midwest is expected over the weekend, potentially damaging crops.