CBOT corn lower on pre-Easter profit-taking
ReutersApr 17, 2025 7:27 PM
CHICAGO, April 17 (Reuters) - Chicago Board of Trade corn futures chopped up and down on Thursday as traders booked profits, though a weakening dollar and concerns over planting delays in the U.S. Midwest helped boost prices.
July corn CN25 ended down 1-1/2 cents to $4.90-1/4 a bushel.
Heavy rains over the U.S. corn belt have delayed seeding and boosted prices.
The U.S. Department of Agriculture is slated to issue a weekly update on planting progress on Monday.
The International Grains Council raised its global corn production forecast.
Weekly U.S. corn export sales were 1.6 million metric tons for 2024-25, within analysts' estimates.
Traders unwound positions ahead of the long Easter weekend.
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