Soybean futures edged a bit higher on Friday, while corn eased slightly. Wheat was mixed.
Soybeans gained for the first time in four sessions, after the market initially surged on Monday on Chinese buying. However, the soybean market slipped thereafter on so-called ‘buy the rumour sell the fact’ action. No new soy purchases from China were announced by the USDA today, with the market basically stabilizing to close out the week. January beans gained 2 ½ cents to $11.25, and March was up 2 ¼ cents to $11.34 ¼.
Corn slipped on the large American crop, as well as a 1-million tonne upward revision in the International Grains Council’s 2025-26 global production estimate. December lost a penny to $4.25 ½, and March was a ¼ cent lower at $4.37 ½.
Winter wheat contracts were steady to higher today, while the spring wheat contracts lost ground. December Chicago was steady at $5.27, and December Kansas City added 4 ¾ cents to $5.11. December Hard Red Spring fell 11 ¼ cents to $5.28 ½, and December Minneapolis lost 7 ¾ cents to $5.65.
