CHICAGO: Chicago Board of Trade (CBOT) corn futures rose for a second consecutive session on Monday, following strength in the soybean market.
* Most actively traded CBOT May corn futures settled up 1-3/4 cents, closing at $3.74-3/4 per bushel.
* Corn futures also on news reports that Beijing and Washington are close to settling a lingering trade dispute, a breakthrough that could boost China's demand for US soy and other agricultural products.
* Weather worries also gave corn a tiny boost in the markets on Monday, traders said.
* "We're hearing for people down in the Gulf Coast and in Texas, too, that the weather is causing some delays getting the initial corn plantings in," said Jack Scoville, a futures market analyst at the Price Group. "It's a small area for corn planting, for sure, but it's bringing into view for the market that we could have trouble with plantings elsewhere this season."
* But ongoing concerns around export competition continued to cap gains on Monday, traders said.
* The US Department of Agriculture said Monday that private exporters sold 100,500 tonnes of US corn for delivery to Colombia during the 2018-19 marketing year that began Sept. 1, 2018.
* Turkey's state grain board TMO has issued a series of international tenders to purchase a total 300,000 tonnes of animal feed corn, European traders said on Monday. Offers are to be submitted in US dollars, Russian roubles or Turkish lira, with CIF and FOB prices to include shipment to Turkey.
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