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Soybeans and corn firm on higher oil prices, but set for weekly losses
SINGAPORE: Soybeans and corn rose on Friday as gains in oil prices supported agricultural goods, although expectations of ample global supplies limited the upside and left both markets on track for weekly losses. Wheat slid on prospects of a resumption of Black Sea grain exports. “The downside is limited at current levels,” said one grains trader in Singapore. “Oil is bit supportive but we don’t expect a big move before next week’s US report.” The most-active soybean contract on the Chicago Board of Trade (CBOT) rose 0.3% to $11.92-1/4 a bushel by 0225 GMT, while corn added 0.1% to $4.40-1/2 a...
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