CBOT corn falls on expectations of increased planting in 2025
March 26 (Reuters) - Chicago Board of Trade corn futures fell on Wednesday as traders awaited planting intentions data due from the U.S. Department of Agriculture on Monday, which is expected to show farmers planting more corn in 2025.
CBOT May corn CK25 settled down 6-1/2 cents at $4.51-1/4 a bushel.
Analysts polled by Reuters on Tuesday estimated on average that the USDA will show farmers planning to plant 94.361 million acres of corn this year, up from 90.594 million acres in 2024, according to the agency.
Seasonal showers in the U.S. Midwest and northern Delta are expected to favor corn growth over the next 31-60 days, according to Maxar.
Investors continue to monitor tariff negotiations between the United States and leading agricultural trading partners, Canada, Mexico and China.
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