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CBOT corn futures ended higher as crude oil prices rose

ReutersMar 18, 2026 7:01 PM

- Chicago Board of Trade corn futures ticked up on Wednesday as money flowed toward those markets and crude oil gave corn strength.

  • Oil prices rose more than 5% on Wednesday after Iran's Revolutionary Guards threatened to attack several energy facilities across the Middle East, heightening the risk of further disruptions to energy supplies in the region.

  • Strength in crude oil CLc1 was seen as supportive given corn's role as a feedstock for ethanol.

  • Higher-than-expected inflation numbers on Wednesday were also supportive, with money tending to flow into the grain and oilseed sector when inflation expectations rise, analysts said.

  • Analysts polled by Reuters expected the U.S. Department of Agriculture to release weekly corn export sales of 600,000-1,800,000 metric tons for the week ended on March 12.

  • CBOT May corn CK26 settled up 9-1/4 cents at $4.63-1/4 per bushel.

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