CBOT corn finishes stronger on crude oil rally

ReutersMay 11, 2026 7:15 PM

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CHICAGO, May 11 (Reuters) - Chicago Board of Trade corn futures ended stronger on Monday as firmer crude oil prices supported grain markets.

Oil prices climbed by more than 3% after U.S. President Donald Trump said the ceasefire with Iran was "on life support."
The U.S. Department of Agriculture is slated to issue an update on U.S. corn and soy planting progress later on Monday.
Analysts on average expected the USDA to report U.S. planting progress as 55% complete by May 10, up from 38% a week earlier, according to a Reuters survey. Estimates ranged from 48% to 60% complete.
On Tuesday, USDA is set to release global agricultural supply and demand estimates.
CBOT July corn CN26 ended 4 cents higher at $4.75-1/4 per bushel.

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