CBOT corn futures rise to 7-week high

01 Sep, 2020

CHICAGO: Chicago Board of Trade corn futures rose to a seven-week high on Friday, recovering from early weakness on support from strong export demand for US supplies, traders said.

The most-active contract rose 5.7% this week, its third straight week of gains.

CBOT December corn futures settled just below their session high of $3.60 a bushel.

Profit-taking pressured corn early on Friday.

Private exporters reported the sale of 324,032 tonnes of corn for delivery to unknown destinations, the US Agriculture Department said on Friday.

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