Cbot corn futures traded slightly higher today

CBOT corn futures traded slightly higher today, with March 2024 contracts up 0.45% to $4.82 per bushel, as traders reacted to lower-than-expected U.S. stockpile data from USDA’s February report. Weather concerns in Brazil’s key growing regions are adding bullish sentiment, though volumes remain moderate compared to last week. "This year, it's all about what crop is going to lose the least amount of money," said Eric Kroupa, a farmer in central South Dakota who raises corn, soybeans, wheat and cattle. A man driving a tractor tends to corn fields in Star, Idaho, U.S., October 29, 2021. REUTERS/Shannon Stapleton/File Photo Purchase Licensing Rights , opens new tab CBOT corn futures slipped 0.3% to $4.79 during mid-session as the U.S. Dollar Index strengthened. A firmer dollar can weigh on export competitiveness, potentially affecting short-term outlook, but traders still see downside risk limited unless South American harvest estimates improve.