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CBOT corn ends higher on wet forecast in growing regions

ReutersApr 1, 2025 7:44 PM

- Chicago Board of Trade corn futures firmed on Tuesday as heavy rains were forecast in corn-growing areas of the U.S., according to analysts.

  • CBOT May corn CK25 settled up 4-1/2 cents at $4.61-3/4 a bushel.

  • Wet weather is expected in the U.S. Delta and Ohio River Valley next week, according to Maxar, delaying the start of planting and potentially leading to significant flooding.

  • StoneX estimated Brazil's first corn crop at 25.90 million tons, down from 26.53 million tons previously, while the second crop is now forecast at 101.62 million tons, down from 102.13 million tons before.

  • The drop is mainly due to adverse weather conditions in Rio Grande do Sul state.

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