CBOT corn bounce from lows on bargain-buying, technicals
CHICAGO, July 2 (Reuters) - Chicago Board of Trade corn futures rallied nearly 3% on Wednesday on bargain buying and technical buying, and as traders squared positions ahead of the long U.S. Independence Day holiday weekend, traders said.
CBOT September corn CU25 settled 12 cents higher at $4.18 per bushel after hitting a contract low in the previous session. New-crop CBOT December corn CZ25 ended 11-1/2 cents higher at $4.33-1/2 a bushel.
The corn market has been anchored by favorable U.S. crop weather and expectations for a massive harvest in Brazil. Forecasts for warm temperatures and scattered showers in the U.S. Midwest over the coming days were seen as favoring crop growth as it enters its critical pollination stage of development.
The U.S. Department of Agriculture is due to release weekly export sales data early on Thursday. Analysts polled by Reuters expect old-crop sales of up to 1 million metric tons and new-crop sales as high as 900,000 tons.
Related Articles
U.S. June Nonfarm Payroll Preview: Labour Market May Continue to Cool, but Mid-Term Optimism for U.S. Stocks Persists
TradingKey - The U.S. is set to release June non-farm payroll data on 3 July 2025, with market consensus forecasting a 120,000 job gain, down from May’s figures. The expected softening in June’s employment data stems from three key factors: First, the ongoing deceleration in recent non-farm... (1).jpg)
Inside Nvidia’s Investment Blueprint: Mapping the Next Empire of AI, Automation, and Infrastructure
TradingKey - Nvidia (NVDA) is no longer just the leader of GPU chips, the company is transforming into something more. As the company heads towards the much-awaited annual shareholder meet, a sharper mental picture comes as to what exactly it’s building: an empire beyond silicon.
Prediction! Federal Reserve Chairman Jerome Powell's Next Move Will Be an Interest Rate Cut
The Federal Reserve must balance the risks of higher inflation with the risks of higher unemployment when making decisions on interest rates.Where to invest $1,000 right now? Our analyst team just revealed what they believe are the 10 best stocks to buy right now. Continue »*Stock prices used were..
What is the Future of Stablecoins? Here are Some Stablecoin Stocks to Watch
With regulations solidifying, institutional money flowing in, and global market expansion accelerating, stablecoin-related stocks could experience unprecedented growth.
U.S. May Nonfarm Payrolls Preview: Risk of Disappointing Jobs Looms, Can Unemployment Hold at 4.2%? S&P Braces for Volatility
TradingKey - The U.S. Bureau of Labor Statistics (BLS) will release the May nonfarm payrolls report on Friday, June 6, with investors closely scrutinizing the data for signs of labor market resilience or weakness. This comes after mixed signals earlier this week — JOLTS job openings unexpectedly...
