Home » Wheat, corn up at week’s end, but post weekly lossesSource: Sosland Publishing Co.
Recap for January 19
- Wheat futures rose at the end of the week in technical buying supported by improved global export demand as seen in the export sales report that topped analysts’ expectations. Still, wheat posted a third straight weekly loss. Soybeans were lower Friday and lower for a fifth straight week under pressure from improved Brazilian crop weather and concerns over US export demand. Corn futures were lower for a sixth straight week despite posting a higher close on Friday with support from net US corn sales at a five-week high, including China’s first US corn purchase in three weeks. The March corn future added 1½¢ to close at $4.45½ per bu; later months were mixed. Chicago March wheat added 7¾¢ to close at $5.93¼ per bu. Kansas City March wheat added 2¾¢ to close at…
