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CBOT corn firms on tariff negotiations, upcoming USDA data

ReutersMar 24, 2025 7:34 PM

- Chicago Board of Trade corn futures rose slightly as traders monitored developments in tariff talks between the United States and its trading partners, and awaited planting intentions data from the U.S. Department of Agriculture.

  • CBOT May corn CK25 settled up 1/4 cent to $4.64-1/2 per bushel.

  • Traders are monitoring tariff negotiations between the United States and leading agricultural trading partners Canada, Mexico and China.

  • Traders are also positioning ahead of the USDA's grain stocks and prospective plantings reports on March 31.

  • The U.S. Department of Agriculture reported weekly grain export inspections of 1,463,093 metric tons of corn, within the range of trade estimates for 1,000,000-1,700,000 tons.

  • Taiwan's MFIG purchasing group has issued an international tender to buy up to 65,000 metric tons of animal feed corn sourced from the United States, Argentina, Brazil or South Africa, European traders said on Monday.

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