CBOT corn ticks up on strong export demand

March 20 (Reuters) - Chicago Board of Trade corn futures extended gains to a one-week high on Thursday on support from resilient export demand and tight global supplies, traders said.

• CBOT May corn CK25 settled up 7 cents to $4.69 per bushel.

• The USDA reported a net 1.5 million metric tons in U.S. corn sales last week for shipment in the 2024/25 marketing year, near the high end of a range of trade estimates. EXP/CORN

• Traders are also positioning ahead of the USDA's grain stocks and prospective planting reports on March 31, when the agency will release estimates for farmers' planting intentions in 2025.

• The dollar index =USD rose further after the U.S. Federal Reserve indicated it was in no rush to cut rates further this year due to uncertainties around U.S. tariffs. FRX/ A stronger dollar makes U.S. commodities more expensive on the global market.