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CBOT corn higher on weather risks, falling dollar

ReutersApr 16, 2025 7:34 PM

- Chicago Board of Trade corn futures rose on Wednesday on support from a renewed weakening of the U.S. dollar and weather risks to the U.S. corn crop.

  • CBOT May corn CK25 settled up 3 cents to $4.84-1/4 per bushel.

  • July corn CN25 ended up 2-1/4 cents to $4.91-3/4 a bushel.

  • The dollar index .DXY moved back toward three-year lows reached after U.S. President Donald Trump announced his tariff policies. USD/ MKTS/GLOB

  • Excess rain and flooding in the U.S. Midwest has slowed corn planting and added support to corn futures.

  • U.S. corn farmers are set to plant one of their biggest areas in history this year.

  • Weekend rains will stall plantings in the southern and eastern Midwest, Commodity Weather Group said.

  • Larger delays are expected in the Midwest and Delta regions toward the end of April, the firm said.

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