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CHICAGO — U.S. corn futures rose on Monday, flirting with multi-year highs set last week, as forecasts for frosty weather and precipitation raised concerns about the pace of planting and germination, analysts said.
Soybeans followed corn higher while wheat was choppy, turning lower at times on profit-taking after reaching a six-week top. A weaker dollar lent support, theoretically making U.S. grains more competitive globally.
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Corn and soy climb on cold U.S. weather outlook and weaker dollar Back to video
As of 1:10 p.m. CDT (1810 GMT), Chicago Board of Trade May corn was up 6-1/4 cents at $5.91-3/4 per bushel, hovering near last week’s high of $6.01-1/2, the highest on a continuous chart of the most-active corn contract since June 2013.