|
NEW YORK (AP) - Chicago Board of Trade corn futures ended higher Tuesday, boosted by speculative buying after Monday's crop progress report revealed lower than expected corn plantings, traders said.
May corn gained 9.50 cents to $3.6750 per bushel, July settled 10 cents higher at $3.77.50, and December rallied 14 cents to $3.7850.
The U.S. Department of Agriculture reported Monday that corn planting was 23 percent complete for the week ended April 29, well below the 48 percent seeded last year and the five-year average of 42 percent.
|