CBOT corn higher on position squaring
CHICAGO, Sept 11 (Reuters) - Chicago Board of Trade corn futures rose on Thursday on position squaring ahead of a monthly U.S. Department of Agriculture supply and demand report due on Friday.
The USDA is expected to trim its U.S. corn yield forecast in its monthly report on Friday, although the agency is still likely to forecast a record-large harvest.
Disappointing early corn yields have also added some support to prices, though traders cautioned that the harvest is still in its early stages.
The USDA reported export sales of U.S. 2025/26 corn in the week ended September 4 at 539,900 metric tons, below trade expectations, with 1,169,700 tons carried over from the 2024/25 marketing year. EXP/CORN
Brazilian government crop agency Conab raised its estimate of the country's total 2024/25 corn crop to 139.67 million metric tons, from its previous estimate of 137.00 million.
CBOT December corn futures CZ25 settled 2-3/4 cents higher at $4.19-3/4 per bushel.
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