CBOT corn rises on key reversal, traders tracking weather risk
CHICAGO, June 25 (Reuters) - Chicago Board of Trade corn futures ended higher on Thursday on a key reversal, after the front five CBOT corn contracts set fresh lows on the day, as traders began adding weather risk back into the market, analysts said.
The National Weather Service is forecasting that temperatures could reach 100 degrees Fahrenheit this weekend as far north as the upper Midwest and as far east as the Carolinas.
Hotter-than-normal weather is expected from the Plains to the Atlantic Coast from now through July 4, the NWS reported.
CBOT's July corn contract CN26 ended the day up 7-3/4 cents at $4.14-3/4 a bushel. Earlier in the session, the July corn contract touched a low of $4.03-3/4 a bushel, which was the lowest price on a continuous chart of the most-active corn contract Cv1 since August 28, 2025.
The December new-crop corn contract CZ26 ended up 8-1/4 cents at $4.43 a bushel.
Stronger crude oil prices and a weaker U.S. dollar /.DXY also gave futures a boost. Corn futures often follow crude oil, as it is commonly used as feedstock for biofuel. O/R
A weaker U.S. dollar can be bullish to U.S. exports, as it can make them less expensive for overseas buyers to purchase.
Brazil's corn exports in 2025/26 are estimated at 37 million metric tons, down from 41.7 million tons in the previous cycle, Agroconsult reported on Thursday.
Weekly U.S. corn export sales were 743,100 metric tons for 2025/26 for the week ended June 18, the U.S. Department of Agriculture said in its weekly report on Thursday. Analysts expected 600,000 to 1.3 million tons.
