Corn futures moved between gains and losses in Chicago as traders await fresh US plantings data while monitoring impacts of the war in Iran on energy and fertilizer costs.
- The
most-active corn futures contract rose as much as 1.1% on Tuesday, later trimming gains. - The focus since the conflict began has been on urea, a key nitrogen fertilizer used on corn.
Prices for the nutrient have surged, driving some bets that farmers could shift acreage in favor of other crops.- The US Department of Agriculture is scheduled to release its quarterly grain stocks and annual prospective plantings reports on March ...