CBOT corn falls on tariff uncertainty, profit taking
ReutersJan 31, 2025 8:20 PM
Jan 31 (Reuters) - Chicago Board of Trade corn futures fell down on Friday as uncertainty over whether the U.S. would impose 25% tariffs on imports from Canada and Mexico weighed on markets, encouraging profit-taking by traders.
CBOT March corn CH25 settled down 8-1/4 cents at $4.82 a bushel.
For the week, Cv1 fell by 0.92%.
The administration of U.S. president Donald Trump on Friday said tariffs on goods from Canada and Mexico would be implemented on Feb. 1, denying a report from Reuters that they would be delayed until March 1.
Uncertainty over the tariffs has prompted some traders to book profits and exit the market following a rally earlier in the week, analysts said.
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