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Markets Print edition: 2020-05-01

CBOT corn futures up

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By BR Web DeskRecorder Report

Chicago Board of Trade corn futures gained slightly on Wednesday as reports of a decline in weekly US ethanol stocks countered pressure from a strong planting pace in the Midwest.

CBOT most-active July corn settled up 2-1/2 cents at $3.14-1/2 per bushel.

Front-month May corn set a contract low at $3.00-1/4, just above psychological support at the $3 mark, before turning higher.

US stocks of corn-based ethanol declined for the first time in five weeks, while weekly production continued to decline, according to the US Energy Information Administration.

Copyright Reuters, 2020

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