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Crop markets tumble Friday at close

Corn continued its recent slide Friday. Although Thursday’s weekly USDA Export Sales report looked bullish for corn, CBOT prices continued their recent decline into the weekend. Talk of rapid spring planting and lower demand resulting from the ongoing ‘bird flu’ outbreak clearly depressed prices. Early Friday news of a big corn sale and recent U.S. dollar losses did little to boost the market. May corn futures sank 6.25 cents to $3.645/bushel at Friday’s close, while December lost 6.25 to $3.8825.

Markets

Corn market still sliding Friday at midday

Corn continued sliding Friday morning. Although Thursday’s weekly USDA Export Sales report looked bullish for corn, CBOT prices continued their recent decline through yesterday’s session and into Friday. Talk of rapid spring planting and lower demand resulting from the ongoing ‘bird flu’ outbreak are reportedly weighing on prices. Early news of a big corn sale did little to boost the market. May corn futures sank 5.25 cents to $3.655/bushel late Friday morning, while December lost 5.5 to $3.89.

Markets

Wheat markets turn mixed in late Thursday trading

Corn diverged from the general ag markets gains Thursday. The weekly USDA Export Sales report was almost unanimously supportive of the crop markets today, with corn result seeming quite strong. A concurrent decline in the value of the U.S. dollar probably encouraged commodity buying as well. However, talk of favorable planting conditions and profit-taking depressed CBOT quotes by the close. May corn futures settled down 1.75 cents to $3.7075/bushel Thursday, while December lost 3.0 to $3.945.

Markets

Ag markets post big gains Thursday at midday

Ag markets posted big Thursday morning gains. The weekly USDA Export Sales report was almost unanimously supportive of the crop markets today, with corn result seeming quite strong. A concurrent decline in the value of the U.S. dollar, which is threatening to the traditional index below major chart support, probably encouraged commodity buying as well. May corn futures gained 4.0 cents to $3.765/bushel late Thursday morning, while December added 3.0 to $4.005.

Markets

Beans lead soy complex downward on Wednesday

Crop futures continued sliding Wednesday. Talk of weak demand and rising yield prospects as spring planting accelerates again weighed upon corn futures today. The weekly EIA energy sector report also depressed the ethanol market, thereby spurring additional corn sales. May corn futures slipped 0.5 cent to $3.725/bushel at their Wednesday settlement, while December stalled at $3.975.

Markets

Crop futures still sliding Wednesday at midday

Crop futures continued sliding Wednesday morning. Talk of weak demand and rising yield prospects as spring planting accelerates is again weighing upon corn futures today. The weekly EIA energy sector report also depressed the ethanol market, thereby spurring additional corn sales. May corn futures slipped 1.0 cent to $3.72/bushel around midsession Wednesday, while December lost 1.0 to $3.965.

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