Grains, Soybeans Head for Another Weekly Drop
Losses due to deepening trade dispute between U.S. and China
Chicago soybean futures steadied on Friday but were still on course for a fourth straight weekly loss due to a deepening trade dispute between the United States and top soybean importer China.
Successful Farming reports corn futures were also set for a fourth weekly decline in a row, similarly sapped by trade risks and favourable growing conditions in the U.S. Midwest corn and soybean belt.
Wheat prices ticked lower but were underpinned by the prospect of weather-reduced production in Russia and China.