Chicago Board of Trade corn, soybean and wheat futures weakened on Friday on renewed worries that trade disputes could hurt demand for U.S. farm products, analysts said.
Chicago Board of Trade wheat futures climbed to their highest level since October on Thursday as cold weather stoked concerns about potential crop damage in the Black Sea region, analysts said.
Chicago Board of Trade soybean futures jumped to their highest level since July on Tuesday as concerns eased that trade disputes will disrupt U.S. agricultural exports, analysts said.
Chicago corn, wheat and soybean futures jumped on Monday, rallying from early declines, as U.S. President Donald Trump announced tariffs threatened on Mexican goods would be paused for a month.
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 Board of Trade corn and soy futures fell on Thursday as traders booked profits following recent rallies and ahead of the weekend, when U.S. President Donald Trump says he will impose tariffs on imports from Canada and Mexico, traders said.
Chicago grain futures surged on Wednesday as underwhelming rainfall and forecasts for hot, dry weather in Argentina's parched corn and soy belt lifted prices, traders said.
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.
U.S. soybean and corn futures on Friday fell from multi-month highs after Argentina said it would lower grain export taxes, fueling expectations the United States will face tougher competition for sales on the global market.