Market Overview

A Look Back At The Grain Market On Friday

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January Soybeans closed 5 cents higher on Friday.

Private exporters reported a sale of 110,000 tonnes of U.S. soybeans to an unknown destination.

Continued chatter of strong demand from China helped support the Soybean market, while Soybean oil was higher on Friday.

Soymeal was weak, closing lower on the day.

March Corn, meanwhile, closed up 9 cents and was higher on the week.

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Worries that Ukraine will have problems supplying committed Corn to China helped support the market, along with chatter that FSA (US Farm Service Agency) December data will reflect a decline in planted area.

Wheat closed higher on the session, on continued ideas that Russia is beginning to slow its exports.

Posted-In: Futures Commodities Markets

 

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