Corn and soybean futures ticked slightly lower in light trade on Friday, while wheat was mainly weaker.
Good weather for soybean crops in South America pressured soybeans, with Brazil expected to see a good mix of rain and sunshine over the next couple of weeks. Soybeans in Brazil are also reported to be more competitively priced compared to US supplies. Crops in southern Argentina are drier, but some rain is expected by about the middle of next week. Trade was light following the New Year’s Day holiday on Thursday. March and new-crop November each fell 1 ¾ cents to $10.45 ¾, and $10.62 ½, respectively.
Corn eased amid fund liquidation, although a continued strong US export pace kept the declines modest. March slipped 2 ¾ cents to $4.37, and December 2026 eased 2 cents to $4.58.
Large global supplies remained an undermining factor for wheat, although dry conditions and warm temperatures in parts of the US southern Plains offered some support to the Kansas City Hard Red Winter market. March Chicago wheat was down a ½ cent at $5.06 ½, while March Kansas City managed a ¼-cent gain to $5.15. March Hard Red Spring lost 2 ¼ cents to $5.57 ¾, and March Minneapolis dropped 3 ¼ cents to $5.71 ¼.
