CBOT corn mixed as Brazilian corn crop looms
CHICAGO, May 6 (Reuters) - Chicago Board of Trade corn futures were mixed on Tuesday as steady planting progress in the U.S. and Brazil's upcoming harvest added pressure to prices.
Favorable harvest prospects in Brazil are countering support from brisk U.S. exports.
Brazil's large safrinha corn crop will be harvested in the coming months, which will diminish global demand for U.S. corn.
The U.S. Department of Agriculture on Monday reported the U.S. corn crop was 40% planted as of Saturday, up from 24% the previous week and ahead of the five-year average of 39%, but short of analysts' average estimate of 41% complete.
Rains also crossed the eastern Midwest last week from southern Missouri through Ohio, slowing field work in some areas, but overall planting progress for corn and soybeans remained ahead of normal. The U.S. is the world's largest corn exporter.
CBOT July corn CN25 closed up 1-1/4 cents at $4.55-1/2 per bushel.
Related Articles
$660B Capex Bill Triggers $900B Wipeout: Why Apple Shares Outperform Amazon and Google Despite AI Lag
Based on financial disclosures, the combined 2026 capital expenditure forecasts for Meta, Amazon, Google, and Microsoft are projected to reach $660 billion. This figure is not only significantly higher than the $410 billion forecast for 2025 and $245 billion for 2024, but even surpasses the GDP of I
Amazon Stock Predictions for 2026 to 2030: Will They Exceed Expectations and Achieve Major Long-Term Goals?
TradingKey - As we head into 2026, many investors are questioning where Amazon (AMZN) fits into the technology world.
A Crash After a Surge: Why Silver Lost 40% in a Week?
TradingKey - Spot silver (XAGUSD) prices continue to decline. Silver plunged 20% on Thursday, breaking below $71 per ounce, with the sell-off intensifying on Friday as prices fell further below $64. Compared to the all-time high set on January 29, silver prices have retraced more than 40%, wiping out nearly all gains accumulated over the previous month.
Is Bitcoin’s Four-Year Cycle Dead in 2026?
Is the Bitcoin 4-year cycle dead? After 2025 broke historical records with a red post-halving year, institutional analysts explore if the Bitcoin price has decoupled from the halving countdown. Analyze the impact of spot ETFs, global liquidity, and the roadmap to the 2028 halving in this 2026 market
