CBOT corn ticks up after choppy trade
CHICAGO, Sept 17 (Reuters) -Chicago Board of Trade corn futures rose after a day of choppy trading as the U.S. ramps up what is expected to be a bumper harvest and farmers took advantage of relatively higher prices to sell old-crop corn.
CBOT September corn CU24 settled up 1-3/4 cents to $4.12-1/2 per bushel.
The USDA late on Monday said the U.S. corn harvest was 9% complete, ahead of the five-year average of 6%. The government rated 65% of the corn crop in good to excellent condition, up 1 percentage point from last week while analysts surveyed by Reuters on average had expected a decline. US/COR
Brazil's national statistics agency Conab forecast the country's 2024/25 total corn crop at 119.8 million metric tons, a 3.6% year-on-year increase, but noted that exports would likely decrease.
Reporting by Heather Schlitz; Editing by Shounak Dasgupta
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