
CBOT corn futures firmed on Friday on strong international demand, with weekly U.S. export sales topping 2 million metric tons for a second straight week. Concerns over Tar Spot and Southern Rust in the U.S. Corn Belt and technical buying also supported prices.
Soybeans rose on technical trading, though no confirmed Chinese purchases of U.S. soybeans were reported.
Solid export demand and disease worries tighten the near-term corn outlook, supporting prices despite a large expected crop. Continued absence of Chinese soybean buying keeps soymeal and soy complex demand uncertain.
Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
Corn rose on strong export demand (two straight weeks of sales above 2 MMT), tar spot and southern rust worries, and technical buying, all of which fit a sharp one-day gain.