Chicago corn eased on Friday, after a strong rebound a day earlier as the market weighed up strong Chinese demand against U.S. growing conditions, reports Reuters.
Wheat and soybeans also edged lower, though spring wheat futures on the Minneapolis Grain Exchange (MGEX) climbed as a cold front hitting much of the U.S. Midwest brought frost to the Northern Great Plains.
Corn futures varied wildly this week on rumors of Chinese cancellations of old-crop purchases, though the U.S. Department of Agriculture on Thursday confirmed more than 5.6 million tonnes in new-crop corn sales to China last week while not showing large-scale cancellations.
