Market Wrestles with Trade Talks, Crop Prospects
Chicago corn and soybean futures gained on Friday
Chicago corn and soybean futures gained on Friday as investors weighed trade talks between the United States and China and expected cooler U.S. weather against uncertainty over acreage levels following a rain-soaked spring.
Reuters reports wheat also gained on bargain-buying after also falling steeply this week due to the previous weakness in corn and supply pressure from U.S. and European wheat harvests.
Traders pondered whether a call on Thursday between senior U.S. and Chinese officials would herald progress in ending a trade dispute that has stalled U.S. soybean exports.
Read the full report here.