CBOT corn edges higher on Argentine weather concerns
Feb 14 (Reuters) - Chicago Board of Trade corn futures ticked up as traders monitored parched weather in Argentina, a major corn exporter.
CBOT March corn CH25 settled up 2-3/4 cents to $4.96-1/4 per bushel.
Grain futures were broadly supported by an easing dollar and investor relief that U.S. President Donald Trump did not immediately impose reciprocal tariffs globally, analysts said.
Strong export demand was reflected in the USDA's reported weekly net export sales numbers, which came in at 1,999,100 metric tons, above trade expectations of 800,000-1,700,000 tons.
The U.S. Department of Agriculture reported exporters sold 100,000 metric tons of corn to Colombia in a private sale for 2024/2025 delivery.
The dollar =USD eased after Trump stopped short of imposing more tariffs on Thursday, providing a boost for commodities priced in the U.S. currency. MKTS/GLOB
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