BEIJING: Chicago corn futures rose on Thursday as an industry field tour highlighted mixed yield prospects across the US Midwest, while soybeans and wheat fell. The most-active corn contract on the Chicago Board of Trade (CBOT) gained 0.4percent to USD5.00 a bushel by 0221 GMT.
Soybeans lost 0.2percent to USD12.35 a bushel and wheat fell 0.1percent to USD6.96-3/4 a bushel.
Traders are closely watching reports from the Pro Farmer field tour after the US Department of Agriculture (USDA) cut its corn and soybean yield forecasts last week.
Corn yield potential and soybean pod counts across western Iowa are down from last year but remain near or above three-year averages, Pro Farmer scouts said on Wednesday.
On the third day of a four-day, seven-state event, Pro Farmer scouts projected the average corn yield for Illinois, the No. 2 US corn state, at 184.19 bushels per acre, below the 2025 crop tour average of 199.57 bpa and the tour’s three-year average of 199.15.
Comments