Chicago corn futures rise on export demand, technical trading
CHICAGO, Dec 17 (Reuters) - Chicago Board of Trade corn futures ended higher on export demand and technical trading on Wednesday, as the previous day's price break may be attracting more buyers to U.S. supplies, market analysts said.
Chicago corn futures touched a three-week low during Tuesday's trading session.
On Wednesday, CBOT March corn CH26 settled up 4 cents at $4.40-1/2 per bushel.
The U.S. Department of Agriculture reported that exporters sold 177,055 metric tons of U.S. corn to Mexico for 2025/26 delivery.
U.S. corn was priced competitively on the global export market, and cheaper prices will boost demand, they said.
South Korean importer Major Feedmill Group (MFG) bought an estimated 268,000 metric tons of animal feed corn in an international tender on Wednesday, European traders said.
Still, pressure from weakness in the wheat market Wv1 continued to weigh on the corn market, market analysts said. Cheap and plentiful Argentine feed wheat has underscored hefty global supplies and could eat into demand for corn as a livestock feed.
Related Articles
$660B Capex Bill Triggers $900B Wipeout: Why Apple Shares Outperform Amazon and Google Despite AI Lag
Based on financial disclosures, the combined 2026 capital expenditure forecasts for Meta, Amazon, Google, and Microsoft are projected to reach $660 billion. This figure is not only significantly higher than the $410 billion forecast for 2025 and $245 billion for 2024, but even surpasses the GDP of I
Amazon Stock Predictions for 2026 to 2030: Will They Exceed Expectations and Achieve Major Long-Term Goals?
TradingKey - As we head into 2026, many investors are questioning where Amazon (AMZN) fits into the technology world.
A Crash After a Surge: Why Silver Lost 40% in a Week?
TradingKey - Spot silver (XAGUSD) prices continue to decline. Silver plunged 20% on Thursday, breaking below $71 per ounce, with the sell-off intensifying on Friday as prices fell further below $64. Compared to the all-time high set on January 29, silver prices have retraced more than 40%, wiping out nearly all gains accumulated over the previous month.
Is Bitcoin’s Four-Year Cycle Dead in 2026?
Is the Bitcoin 4-year cycle dead? After 2025 broke historical records with a red post-halving year, institutional analysts explore if the Bitcoin price has decoupled from the halving countdown. Analyze the impact of spot ETFs, global liquidity, and the roadmap to the 2028 halving in this 2026 market
