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.
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