Chicago soybean futures fell on Thursday as traders focused on forecasts calling for rain in Brazil, tempering some concerns over yield losses in the world's top oilseed exporter.
Corn up on technical bounce, wheat up on weaker dollar
Exports being lost because of US-Mexico rail crossing closures, industry says
U.S. wheat prices essentially bottomed out during late November; recovered somewhat in December
Wheat futures rose on a technical bounce
Good export demand also underpinned soybeans
CBOT long liquidation saw the net long position in soybeans dip
Traders waited to see whether beneficial rains will arrive in dry areas of Brazil
Pea, barley carryout estimates raised, lentils cut in half
Surge in Canadian dollar weighed on Prairie cash prices
China may buy a couple more cargoes of U.S. soy for next-year delivery: analysts