CBOT corn ends higher on technical buying
CHICAGO, Nov 29 (Reuters) -Chicago Board of Trade corn futures rose on Friday on technical buying, positive seasonal trading patterns going into the year-end and as investors adjusted positions after the Thanksgiving Day holiday, market analysts said.
CBOT December corn CZ24 settled up 7-1/4 cents at $4.23 a bushel, while most-active March corn CH25 ended up 5 cents at $4.33 a bushel.
Showers in Brazil and Argentina continue to aid crop development, according to Commodity Weather Group, which added pressure to futures prices.
The U.S. Department of Agriculture reported weekly 2024-25 U.S. corn export sales of 1.1 million metric tons, within trade estimates of 800,000-2,000,000 metric tons.
Weakness in the U.S. dollar .DXY, which makes U.S. exports more competitive, also lent support to futures, traders said.
Reporting By P.J. Huffstutter in Chicago; editing by Diane Craft
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