CBOT corn futures up on hot weather risks, demand
CHICAGO, July 25 (Reuters) -Chicago Board of Trade corn futures rose for the fourth day on Thursday as traders monitored an August forecast of hot, dry weather in the U.S. and U.S. Department of Agriculture export data indicated better than expected demand.
CBOT September corn CU24 settled up 2-1/4 cents at $4.06 per bushel and most-active December CZ24 corn ended up 2-3/4 cents at $4.20-3/4 per bushel.
Forecasts for a hot, dry spell in parts of the central U.S. supported prices, analysts said.
Stress is expected on up to 20% of the Midwest corn crop in the next two weeks, according to Commodity Weather Group.
Weekly U.S. corn export sales of 745,200 tons for 2024-25 exceeded analysts' estimatesfor 100,000 to 600,000 tons.
Reporting by Renee Hickman
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