Corn futures managed gains to end the week, while wheat was lower and soybeans mixed.
Corn was buoyed by bargain hunting after US President Donald Trump’s back-and-forth tariff announcements this week sent the market both higher and lower. Ideas that current tariffs could be further walked back by Trump also underpinned corn. May was up 5 ¼ cents at $4.69 ¼, and December added 3 ¼ cents to $4.54 ¼.
Soybeans traded to both sides of unchanged during the day, with gains in soybean oil, following a good rally in palm oil, providing some upward momentum. May beans slipped 2 ¼ cents to $10.25, but November was 4 ¾ cents higher at $10.25 ½.
Wheat was dragged lower by declining European prices and improving crop conditions in the EU. May Chicago wheat lost 2 ¾ cents to $5.51 ¼, May Kansas City dipped a penny to $5.64 ¾, and May Minneapolis fell 1 ¼ cents to $5.92 ¾.
