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CBOT corn ends higher on positioning ahead of weekend

ReutersMar 13, 2026 7:22 PM

- Chicago Board of Trade corn futures firmed for a third straight day on Friday as traders squared positions ahead of the weekend amid anxiety over ongoing hostilities in the Middle East and rising crude oil prices.

  • Corn has also drawn support from expectations that rising fuel and fertilizer costs may lead farmers to cut back on planting the crop, which is relatively intensive in inputs. Fuel and fertilizer are shipped via the blocked Strait of Hormuz.

  • U.S. grain prices have surged since the Iran war began, triggering a flurry of corn and soybean sales by farmers who squirreled away last year's harvests due to weak prices. The active cash grain sales this week pressured futures at times this week.

  • Brazil's total corn production was pegged at 138.27 million metric tons, national crop agency Conab said on Friday, down from 138.45 million from its previous forecast.

  • CBOT May corn CK26 closed 4-3/4 cents higher at $4.67-1/4 per bushel. The contract gained 1.5% in the week, its third straight weekly advance.

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