Renee Hickman

Chicago corn and soy eased and wheat traded nearly flat on Friday as traders' concerns about the U.S. economic outlook inspired a selloff ahead of the weekend, according to analysts.

Chicago wheat futures fell on Wednesday as the U.S. dollar strengthened and investors assessed the outcome of a call between U.S. President Donald Trump and Ukrainian President Volodymyr Zelenskiy, according to analysts.

Chicago wheat futures surged on Monday as wind storms in U.S. grain belts caused concerns about crop damage and traders hoped reduced Russian exports could generate more demand for U.S. supplies, according to analysts.

Chicago wheat, corn and soybean futures dipped on Friday as market players continued to worry about the impact of tariffs on U.S. agricultural trade.

Chicago corn was down sharply on Thursday as market players digested numbers from the U.S. Department of Agriculture's Outlook Forum as well as expectations of new U.S. tariffs on imports from Mexico and China, analysts said.

Chicago corn, soy and wheat eased on Wednesday as traders took profits and monitored the possible impacts of U.S. tariffs on imports from Mexico and Canada, set to take effect on March 4 after a 30-day delay.

U.S. corn and wheat futures fell on Friday on month-end positioning while soybeans traded nearly flat and soybean oil jumped more than two per cent in volatile trade amid ongoing uncertainty around U.S. President Donald Trump's plans for tariffs.

Chicago grain futures turned higher on Tuesday, as investors adjusted positions while they waited to see if U.S. President Donald Trump would follow through on threats to impose 25 per cent tariffs on imports from Canada and Mexico this weekend, analysts said.