CORRECTED-CBOT corn climbs after Mexico wins temporary reprieve from US tariffs

CHICAGO, March 6 (Reuters) - Chicago Board of Trade corn futures ended higher on Thursday as trade tensions eased after U.S. President Donald Trump exempted goods from Mexico for a month from the 25% tariffs that he had imposed earlier this week.

• CBOT May corn CK25 settled up 8-1/4 cents at $4.64 per bushel, extending its rebound from a two-month low set on Tuesday.

• Mexico was the largest buyer of American corn in 2024 and Trump's tariff threats had raised fears of trade disruptions, sending grain futures tumbling early this week.

• The tariff exemption will expire on April 2. Trump had earlier only mentioned an exemption for Mexico, but the amendment he signed into his order covers Canada as well.

• Corn futures drew additional support on Thursday from weakness in the dollar .DXY, which tends to make U.S. grains more competitive globally.

• The U.S. Department of Agriculture reported export sales of U.S. old-crop corn in the week ended February 27 at 909,100 metric tons, in line with trade expectations for 700,000 to 1,000,000 tons. EXP/CORN