tradingkey.logo

CBOT corn bounces after most-active contract neared five-month low

ReutersMay 14, 2025 6:56 PM

- 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.

Disclaimer: The information provided on this website is for educational and informational purposes only and should not be considered financial or investment advice.
Tradingkey

Related Articles

Tradingkey
KeyAI