However, the session was choppy and corn contracts dipped at times as traders took profits ahead of a three-day holiday weekend. US markets will be closed on Good Friday.
Soybeans rose, while wheat futures fell after four sessions of gains. Soybeans for May climbed 0.4% to US$618.11, while wheat fell 1.6% to US$402.89 on profit-taking after the May contract hit a three-week high in early trading.
Even so, wheat shows a significant rise in the week, as well as corn. For its part, soybeans recorded a more limited advance.
The US Department of Agriculture said the corn crop was 2% planted through April 10, behind the five-year average of 3%.
“It looks like there will be a planting window late next week in part of the eastern Corn Belt, so maybe we’ll get some planters rolling,” said Dan Cekander, president of DC Analysis.
Concern over the truckers’ strike in Argentina gave support to futures. Talks to end the standstill collapsed on Wednesday, threatening South American corn and soybean exports during the harvest season.
Argentina’s grain export chamber said the lack of an agreement would “severely harm” exporters.
Source: Ambito
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