U.S. corn futures extended gains into a fourth session on Friday and posted the first weekly rise in a month as slow farmer sales of newly harvested grain and reports of lower-than-expected harvest yields supported the market.
Senior Canadian and Chinese officials discussed bilateral trade disputes involving canola and electric vehicles on Friday, Ottawa said, but gave no indication of any immediate breakthrough.
U.S. corn futures rose for a third straight day on Thursday and hit a 1-1/2 week high on reports of lower-than-expected harvest yields in some areas of the Midwest and forecasts for rain that could delay further field work.
U.S. corn futures gained on Wednesday as slow farmer sales of newly harvested grain firmed cash market prices and triggered short covering and technical buying in the futures market.
Russia’s seaborne grain exports fell to 5.1 million metric tons in September, 10.1 per cent down on the same month of 2024, according to shipping data.
Chicago Board of Trade soybean futures plummeted on Friday as trade restrictions announced by China and escalating rhetoric from U.S. President Donald Trump cooled hopes of a resolution to a standoff between Washington and Beijing.