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CBOT corn firms on lowered ending stocks, tariff delays

ReutersApr 10, 2025 8:02 PM

- Chicago Board of Trade corn futures ended higher on Thursday as the U.S. Department of Agriculture reported shrinking U.S. corn ending stocks and futures continued to see support from a delay in tariffs issued by U.S. President Donald Trump, analysts said.

  • CBOT May corn CK25 settled up 9 cents at $4.83 a bushel, its fifth straight higher close, having reached its highest peak since Feb 27.

  • The USDA cut its estimate for 2024-25 corn ending stocks to 1.47 billion bushels in a monthly report from 1.54 billion in March.

  • Analysts expected 1.51 billion, according to a Reuters poll.

  • South Korea's Feed Leaders Committee (FLC) bought around 65,000 metric tons of animal feed corn expected to be sourced from the United States in a private deal late last week without issuing an international tender, European traders said on Thursday.

  • Ukraine's farm ministry has this month hiked minimum export prices for wheat and corn, the country's key agricultural commodities, ministry data showed on Thursday.

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