Renee Hickman

Chicago corn, soy and wheat eased on Wednesday as traders took profits and monitored the possible impacts of U.S. tariffs on imports from Mexico and Canada, set to take effect on March 4 after a 30-day delay.

U.S. corn and wheat futures fell on Friday on month-end positioning while soybeans traded nearly flat and soybean oil jumped more than two per cent in volatile trade amid ongoing uncertainty around U.S. President Donald Trump's plans for tariffs.

Chicago grain futures turned higher on Tuesday, as investors adjusted positions while they waited to see if U.S. President Donald Trump would follow through on threats to impose 25 per cent tariffs on imports from Canada and Mexico this weekend, analysts said.

Chicago Board of Trade corn and soybean futures fell on Monday, with traders hedging their positions in case the Trump administration implements tariffs on goods from major U.S. trading partners, according to analysts.

Chicago corn and soybean futures eased from the previous session's multi-month peaks on Wednesday on profit taking and timely rains forecast for Argentina, said analysts.

Chicago Board of Trade corn futures hit a fresh one-year high on Tuesday, as the tariffs promised by newly sworn-in U.S. President Donald Trump did not materialize, traders said.

Chicago soybean and corn futures surged on Friday after the U.S. Department of Agriculture projected lower-than-expected U.S. production after a dry end to the growing season.

Chicago soybean and corn futures ticked up on Thursday as traders squared positions ahead of a major U.S. Department of Agriculture supply-and-demand report due on Friday.