Good demand helped to push corn futures to small gains on Friday, while both soybeans and wheat ended lower on the day.
The USDA reported a private export sale of 781,322 tonnes of corn to Mexico, with a small portion of that for shipment in 2025-26 and the rest for 2024-25. Export sales show total export commitments for corn at 25.82 million tonnes, a three-year high for the current week and up 41% from last year. Domestic pricing added support as well. December gained 3 ¾ cents to $4.14 ½, and March climbed 3 ¼ cents to $4.29 ¼.
Soybeans traded to both sides of unchanged before ending lower on weakness in the Brazilian currency which is encouraging farmer selling in that country. January slipped ¾ of a cent to $9.93 ¾, and March lost 1 ¼ cents to $10.08 ¼.
Wheat was down on much-needed rainfall for the US winter wheat crop on the southern Plains and the Midwest. Forecasts said portions of eastern Oklahoma could see as much as 6 inches of rain or more over the next few days. December Chicago dropped 2 ½ cents to $5.68, December Kansas City was down 2 ½ cents at $5.66 ¾, and December Minneapolis fell 4 ½ cents to $5.99 ¾.
