CBOT corn up on weather concerns, weak trade
CHICAGO, July 5 (Reuters) -Chicago Board of Trade most active corn futures Cv1 ticked up on Friday due to concerns about overly hot weather in the U.S. Midwest, while trade slowed between the July 4 market closure and ahead of the weekend.
Dry, hot weather forecasted for the U.S. Midwest could threaten the crop during its crucial pollination period.
The USDA reported export sales of U.S. old-crop corn in the week ended June 27 at 357,200 metric tons, below a range of trade expectations for 500,000 to 900,000 tons. New-crop corn sales totaled 311,500 tons.
Traders will closely monitor weather throughout the summer, which is expected to be unusually hot, analysts said.
September corn CU24 was up 5 cents at $4.10-1/2 per bushel at the close of trading.
Most-active December corn CZ24 ended up 4-1/2 cents at $4.24 a bushel.
Reporting by Heather Schlitz; Editing by Aurora Ellis
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