Chicago Board of Trade soybean and corn rose on Friday, extending their recovery from three-year lows set last month, following an uneventful monthly supply/demand report from the U.S. Department of Agriculture (USDA), analysts said.
Hefty global grain supplies, competition for export business anchor prices
Corn, soy firm ahead of USDA data
Corn drifted upward, soybeans declined
Exports the most likely category to see changes, analyst says
Most analysts expect USDA to lower its Brazil harvest estimate
Brazil soy harvest running ahead of schedule compared to last year
Slowing Chinese demand also weighs on prices
Weekly soybean exports on lower end of expectations -USDA
Canada has imported 564,900 tonnes of U.S. corn since Sept. 1
Corn extends recovery; wheat futures fell