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 traded both sides of unchanged on Tuesday, holding near a March high underpinned by concerns over U.S. crop conditions. Traders also awaited the outcome of a call between the leaders of the U.S. and Russia over the war in Ukraine.
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 corn futures ticked lower on Friday as concerns over trade conflicts disrupting trade flows and abundant South American supplies weighed on prices, analysts said.
Chicago Board of Trade corn and soybean futures turned higher on Thursday, after private estimates for Argentina's corn and soy crops fell, analysts said.
Chicago Board of Trade grain and oilseeds extended losses on Wednesday after a government crop report showed more U.S. corn inventories than expected, while the latest U.S. tariffs and European counter-measures fueled concerns about trade disruption, traders said.
Chicago Board of Trade soybean futures ended lower on Tuesday for a third straight session, coming under pressure from hefty South American supplies hitting the global market and uncertainty over how U.S. tariffs will affect domestic demand, traders said.
Chicago Board of Trade soybeans ended lower on Monday, as prices were weighed down by weakness in the oil market and traders' concern over Chinese deflation, market analysts said.
Chicago Board of Trade corn futures rose for a third straight session on Friday as news of exemptions for Mexico and Canada to most U.S. tariffs allowed grain prices to stabilize after a plunge early this week.
Chicago corn futures surged nearly two per cent on Thursday as trade tensions cooled with Mexico, the top buyer of U.S. corn, after President Donald Trump temporarily suspended steep tariffs that he had imposed on Mexico this week.