CHICAGO, Jan 6 (Reuters) - Chicago Board of Trade corn futures jumped on Monday as dry conditions persisted in Argentina, a major exporter of the crop, and the U.S. dollar turned lower on conflicting reports about the future of Trump tariffs.
CBOT March corn CH25 settled up 7 cents at $4.57-3/4 per bushel, at one point touching its highest price since June 13.
The U.S. Department of Agriculture reported export inspections of U.S. corn in the latest week at 847,463 metric tons, in line with trade expectations for 750,000-1,000,000. USDA/EST
The U.S. dollar was lower on Monday in volatile trading after conflicting reports about how aggressive President-elect Donald Trump's planned tariffs will be when he takes office.
A weaker dollar tends to make U.S. exports more competitive on the global market for holders of other currencies.
Moisture deficits are expected to grow in Argentina's corn and soy crop in the coming weeks, according to Commodity Weather Group.
(Reporting by Renee Hickman; Editing by Sandra Maler)
((renee.hickman@thomsonreuters.com))