CBOT corn ends nearly flat, traders await US plantings estimates
CHICAGO, Feb 18 (Reuters) - Chicago Board of Trade corn futures ended nearly flat on Wednesday as traders waited for the U.S. Department of Agriculture to issue plantings estimates at an annual conference on Thursday.
U.S. farmers, though punished by slumping prices after last year's monster corn harvest, are expected to cut back only slightly on plantings this spring, as they brace for a fourth straight year of narrow profit margins or even losses.
Analysts on average estimated U.S. 2026-27 corn plantings at 94.9 million acres, down from 98.8 million acres in 2025-26, according to a Reuters poll.
The USDA was set to publish plantings estimates at 7 a.m. EST (1200 GMT) on Thursday at its annual outlook forum.
The Lunar New Year break in parts of Asia, along with the Muslim holy month of Ramadan that began this week, could lead to a general slowdown in demand from some major importers of grains and oilseeds, analysts said. GRA/
CBOT March corn CH26 ended 3/4 cent higher at $4.27 per bushel after falling earlier in the session to a one-week low.
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