
CHICAGO, April 7 (Reuters) - Chicago Board of Trade corn futures settled up Monday after a seesaw trading session with a barrage of headlines on the sweeping tariffs imposed by U.S. President Donald Trump on U.S. imports.
CBOT May corn CK25 closed up 4-1/4 cents at $4.64-1/2 a bushel.
Trump said he would impose an additional 50% duty on U.S. imports from China on Wednesday if the world's No. 2 economy did not withdraw the 34% tariffs it had imposed on U.S. products last week.
China had struck back at U.S tariffs imposed by Trump with a slew of countermeasures, including extra levies of 34% on all U.S. goods.
Heavy rain continued to fall in the U.S. Ohio Valley and northern Delta, where extensive flooding already occurred, stalling corn planting in these areas, according to weather forecaster Maxar.