
CHICAGO, Feb 12 (Reuters) - Chicago Board of Trade corn futures closed higher on Thursday on spillover strength from soybeans and wheat as well as better-than-expected weekly U.S. export sales, traders said.
CBOT March corn CH26 settled up 3-3/4 cents at $4.31-1/4 per bushel.
Strong weekly export data lent support. The USDA reported net sales of old-crop U.S. corn in the week ended February 5 at 2,069,600 metric tons, topping a range of trade expectations for 600,000 to 1,500,000 tons. EXP/CORN
Rallies were capped by ample U.S. and world corn supplies.
Brazilian crop agency Conab trimmed its estimate of the country's total 2025/26 corn crop to 138.45 million metric tons, from its January forecast of 138.87 million.
The Buenos Aires Grains Exchange left its forecast of Argentina's 2025/26 corn crop unchanged at 57 million tons, but said that crop conditions have worsened recently.
Chinese buyers have ramped up feed grain purchases in recent months, taking large volumes of Australian barley and U.S. sorghum after rain damaged the domestic corn harvest, trade sources said.