U.S. grains: Grains ease on technical selling, export demand uncertainty [Video]

Chicago | Reuters—Chicago Board of Trade corn futures eased on Friday on technical selling and disappointment in the size of weekly export sales, analysts said.

Soybeans faced pressure from profit-taking in soymeal and soyoil futures, and wheat futures turned lower on sluggish exports, said Karl Setzer, partner at Consus Ag Consulting.

“Global trade on wheat is stagnant right now, so there’s no urgency in the market to extend coverage,” Setzer said.

The most-active CBOT corn contract Cv1 settled down 1-1/2 cents at $4.42 a bushel, rising 0.45 per cent for the week.

U.S. livestock: CME feeders fall on news US may resume Mexico cattle imports

Chicago Mercantile Exchange (CME) feeder cattle futures fell on Friday, on news the U.S. could resume feeder cattle imports from Mexico after Washington suspended cattle imports from Mexico over a case of New World screwworm.

The contract had reached its highest since late June at $4.51-1/4 on …