CBOT corn ends down in setback from one-week high
CHICAGO, April 16 (Reuters) - Chicago Board of Trade corn futures turned lower on profit taking on Thursday after hitting the highest price in more than a week, traders said.
CBOT May corn CK26 ended down 2-3/4 cents at $4.48-1/2 per bushel. The contract earlier touched its highest price since April 7.
The market pulled back after jumping on Wednesday on technical buying and rains that were delaying field work in the U.S. Midwest.
U.S. corn export sales for 2025/26 were 1.4 million metric tons in the week that ended on April 9, up 3% from the previous week and 14% from the prior four-week average, the U.S. Department of Agriculture said. Analysts expected 800,000 to 1.8 million metric tons, according to a Reuters poll.
In Argentina, the 2025/26 corn harvest was forecast to reach a record 61 million metric tons, up from the previous estimate of 57 million, the Buenos Aires Grains Exchange said.
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