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Soy Firms But Gains Capped by Poor Export Data; Wheat Weak

Posted January 08, 2018

Under Economic Issues, International Trade Issues

(Mark Weinraub – Reuters)

U.S. soybean futures rose to their highest in more than three weeks on Friday, with traders focused on the South American weather outlook amid signs of weak demand for U.S. exports.

Wheat futures fell as traders locked in profits with the market set to notch its third straight week of gains. Corn futures were close to unchanged.

Soybean gains were kept in check by export concerns that cast a bearish tone across the agricultural market following a report that showed weekly export sales fell well below market expectations. Wheat and corn export data also was seen as disappointing. Click here to read more.