CBOT Corn Rises 1.3% to One-Month High as Heat Threat and Oil Surge Lift Prices

According to Jin10 Futures, CBOT corn futures closed higher on Tuesday, July 8, with the benchmark contract gaining 1.3%, driven by concerns over potential heat stress in the Midwest and surging crude oil prices. The U.S. Midwest and central plains regions face forecasts of elevated temperatures extending through mid-July, coinciding with critical corn pollination period. International crude oil futures surged amid reports of attacks near the Strait of Hormuz, boosting prices of soybeans and corn widely used in biofuel production.
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