CHICAGO, May 14 (Reuters) - Chicago Board of Trade corn futures ended mixed on Wednesday as the most-active contract Cv1 rebounded from a nearly five-month low reached during the previous session.
Traders are monitoring forecasts for U.S. crop weather amid concerns about the risk for unfavorable summertime weather to hurt output, after the U.S. Department of Agriculture on Monday issued a smaller-than-expected forecast for 2025-26 ending stocks.
Analysts expect the USDA on Thursday will report weekly U.S. corn export sales of 900,000 to 1.5 million metric tons for 2024-25. Sales for 2025-26 are estimated at 350,000 to 600,000 metric tons.
In rival supplier Brazil, 2024-25 output is forecast at about 125 million metric tons, according to the Brazilian Association of Corn and Sorghum Producers.
CBOT July corn CN25 closed 3 cents higher to $4.45-1/2 per bushel. December corn CZ25, which represents the crop that farmers will harvest this autumn, slipped 1/2 cent to end at $4.40-1/2 per bushel.
Some traders were buying old-crop contracts and selling new-crop futures in spread trades.