CBOT corn firms as import quota announced by Turkey

CHICAGO, March 19 (Reuters) - Chicago Board of Trade corn futures finished higher on Wednesday as the government of Turkey announced a 1 million metric ton import quota, but they were pressured by expectations of more corn planting by U.S. farmers in 2025.

• CBOT May corn CK25 settled up 3-1/4 cents to $4.62 a bushel.

• U.S. farmers plan to increase corn plantings by about 3.7% in 2025 and reduce soybean plantings by about 3.2%, according to a farmer survey released on Wednesday by commodity brokerage Allendale Inc.

• S&P Global Commodity Insights projected on Tuesday that U.S. farmers would plant 94.3 million acres of corn in 2025, up 800,000 acres from its previous forecast released on January 21 and up 3.7 million acres from 2024, an S&P Global spokesperson said.

• Turkey's government has announced a 1 million metric ton import quota for animal feed corn, the trade ministry said in the Turkish official gazette on Wednesday.

• Traders fear more retaliation against the United States because of President Donald Trump's tariff policies, analysts said, including from Mexico, the top buyer of U.S. corn.