U.S. soybean futures firmed on Thursday as strong weekly export sales data and hopes for progress toward a U.S.-China trade deal more than offset pressure from a crop-boosting Midwest weather forecast.
Reuters reports corn also rose as the market weighed favorable harvest weather against signs of improved demand for the grain, while wheat retreated in a profit-taking setback from the prior session’s one-month highs.
Futures rebounded from overnight lows after the U.S. Department of Agriculture reported weekly U.S. corn and soybean export sales above trade expectations.
