CBOT corn ends higher, led by soybeans, crude oil

CHICAGO, June 13 (Reuters) - Chicago Board of Trade corn futures closed higher on Friday, buoyed by strength in soybeans, soyoil and crude oil futures, traders said.

• CBOT July corn CN25 settled up 6 cents at $4.44-1/2 per bushel.

• New-crop CBOT December corn CZ25 ended up 2-1/2 cents at $4.43 a bushel.

• Corn followed as soybean and soyoil futures soared after the Trump administration proposed biofuel blending requirements for 2026 and 2027 that were above trade expectations, signaling increased demand for soyoil.

• However, analysts said the proposal would have little impact on demand for corn-based ethanol, given that the government left its volume requirements for conventional ethanol unchanged for 2026 and 2027.

• A jump in crude oil prices CLc1 after Israel conducted strikes on Iran lent early support to commodities.

• Rallies were capped by generally benign weather forecasts for developing crops in the U.S. Corn Belt. Traders await updated weekly crop ratings due on Monday from the U.S. Department of Agriculture.

• U.S. markets and government offices will be closed on Thursday, June 19, in observance of the Juneteenth holiday.