CBOT corn futures inch up after U.S. stocks report

9 Dis 202219:37 UTC

Chicago Board of Trade corn futures ended slightly higher on Friday, despite increases to U.S. stockpile estimates, traders said.

Most-active CBOT March corn (CH3) added 1-1/4 cents to settle at $6.44 a bushel.
Nearby December corn (CZ2) gained 2-3/4 cents to settle at $6.34-3/4 a bushel.
For the week, the CBOT's most-active corn contract ZC1! eased 0.348%.
U.S. corn stocks will total 1.257 billion bushels at the end of the 2022/23 marketing year, the U.S. Agriculture Department said in its monthly World Agricultural Supply and Demand Estimates report. The figure is slightly above analyst expectations of 1.237 billion bushels.
USDA raised its outlook for exports from war-torn Ukraine to 17.5 million tonnes from 15.5 million.
U.S. farmers enrolled 86.896 million acres of corn in crop subsidy programs by December 1, the USDA said in a separate report.