Month-End Selling Sweeps Across CBOT

CBOT grain and oilseed futures finished lower Friday as month-end liquidation and technical selling overshadowed fresh export demand. December corn settled near $4.64 per bushel, November soybeans near $11.87½ and September Chicago wheat near $6.39¼, with wheat posting the steepest decline after breaking below recent chart support.

Wetter Midwest forecasts reduced immediate concern around corn and soybean development, even as August heat and moisture patterns remain important for ear and pod fill. Soybeans received underlying support from reported Chinese purchases, while Black Sea uncertainty and dry spring-wheat areas failed to stop selling in wheat as traders cleared positions before the weekend.



Source: DePutter Publishing Ltd.

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