WHEAT – Steady to up 1 cent per bushel.
* Short-covering bounce expected as dollar eases; market
rebounding after contract lows hit early this week. End-month
positioning expected.
CORN – Down 1 to 2 cents per bushel.
* Setback from Thursday’s higher close, with generally
favorable U.S. crop weather overhanging the market. Quiet
consolidation expected ahead of the long U.S. holiday weekend.
* Optimism about potential further Chinese purchases of
U.S. corn lends underlying support.
* Setback from Thursday’s higher close, with generally
favorable U.S. crop weather overhanging the market. Quiet
consolidation expected ahead of the long U.S. holiday weekend.
* Optimism about potential further Chinese purchases of
U.S. corn lends underlying support.
SOYBEANS – Down 3 to 4 cents per bushel.
* Light technical sell-off after market rallied this week,
reaching a near two-week high on Thursday. Generally favorable
weather for soybean planting and early growth seen weighing on
market.
* Light technical sell-off after market rallied this week,
reaching a near two-week high on Thursday. Generally favorable
weather for soybean planting and early growth seen weighing on
market.