CBOT corn rises on USDA data, weak dollar

CHICAGO, April 11 (Reuters) - Chicago Board of Trade corn futures ended higher on Friday on residual support from the U.S. Department of Agriculture reporting tighter U.S. corn ending stocks and on a falling U.S. dollar, according to analysts.

• CBOT May corn CK25 settled up 7-1/2 cents at $4.90-1/4 a bushel, its sixth straight higher close.

• For the week, most active corn Cv1 gained 6.5%, the biggest weekly percent change since May 2023, according to LSEG data.

• The dollar weakened against major currencies on Friday as the back-and-forth over import tariffs shook investor confidence in the greenback as a safe haven, sending it to its lowest level in a decade against the Swiss franc and a three-year low versus the euro.

• 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.

• U.S. corn has avoided an immediate tariff from the European Union, where Spain is a large buyer, after the bloc decided to postpone countermeasures due to take effect from April 15 for 90 days.

• Thailand will cut tariffs on imports of corn from the United States, but volumes still need to be finalised, the country's finance minister said on Friday. The country is among those in Southeast Asia hardest hit by U.S. President Donald Trump's trade measures, with a much larger than expected 36% tariff.