
Corrects first bullet to show May corn hit lowest level since January 13, not February 3
CHICAGO, Feb 27 (Reuters) - Chicago Board of Trade corn futures fell on Thursday as the U.S. Department of Agriculture's annual Outlook Forum projected a shift toward corn planting, and traders feared the impact of new U.S. tariffs, analysts said.
CBOT May corn CK25 settled down 12-1/2 cents at $4.81 a bushel, having hit its lowest point since Jan. 13.
The U.S. Department of Agriculture projected a shift in acreage from soybeans to corn in 2025 at its annual Outlook Forum on Thursday.
Confusion over when and if the U.S. would implement tariffs on goods from Mexico and China rattled market players as U.S. President Donald Trump said on Wednesday that the tariffs could be delayed until April but on Thursday said in a social media post that they were on track to begin March 4.