CHICAGO- Chicago Board of Trade corn futures rose for a third straight session on Friday as news of exemptions for Mexico and Canada to most US tariffs allowed grain prices to stabilize after a plunge early this week.
Benchmark soybean declined but stayed inside of Thursday’s trading ranges, while wheat futures drifted lower.
A drop in the dollar lent underlying support, making US grains cheaper overseas.
CBOT May corn settled 5-1/4 cents higher at $4.69-1/4 per bushel. May soybeans ended down 2-1/4 cents at $10.25 a bushel and CBOT May wheat fell 2-3/4 cents at $5.51-1/4 a bushel.
The ongoing saga with US tariffs remained the focus of the market. On Thursday, US President Donald Trump suspended the tariffs he imposed days earlier on most goods from Canada and Mexico, the latest twist in a fluctuating trade policy.
