
Feb 6 - Chicago Board of Trade corn futures ended lower after spending the day chopping up and down while under pressure from improving global weather, though rising soybean futures added underlying support.
Traders are monitoring dry weather in Argentina, though a massive U.S. harvest last year and favorable planting conditions for Brazil's second corn crop tempered concerns.
Argentina, one of the world’s top food exporters, had been on track for a record corn harvest in the 2025/26 season, but unusually high January temperatures, topping 35 degrees Celsius in some areas, combined with low rainfall, strained crops across much of the country’s agricultural heartland.
Brazil corn exports are seen reaching 793,364 tons in February compared with 1.32 million tons in the same period last year, according to ANEC, a national association of grain producers in Brazil.
CBOT March corn CH26 closed 4-3/4 cents lower to $4.30-1/4 per bushel.