Chicago Board of Trade (CBOT) corn futures ended higher on Thursday as traders covered short positions ahead of planting season. Corn futures have risen for three days in a row. Concerns about planting delays in the United States raised the prospect of farmers being forced to cut back on their intended corn acreage.
The most-active CBOT corn contract hit its highest since March 6. The benchmark CBOT May corn futures contract closed above its 10-day moving average for the first time since February 22.