CORRECTED-CBOT corn slumps on tariff anxiety, month-end positioning
ReutersFeb 28, 2025 9:16 PM
Corrects headline to indicate corn fell on month-end positioning instead of year-end positioning
CHICAGO, Feb 28 (Reuters) - Chicago Board of Trade corn futures eased on Friday as traders worried about the impact of possible new U.S. tariffs on goods from Mexico, Canada and China.
CBOT May corn CK25 settled down 11-1/2 cents at $4.69-1/2 a bushel after falling to its lowest point since January 10.
Market players feared retaliation against U.S. agricultural exports if tariffs are implemented on March 4, as U.S. President Donald Trump said they would be in a social media post on Thursday.
Traders were positioning for the end of the month, said analysts, with commodity funds liquidating their huge net long position.
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