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CHICAGO- Chicago soybean futures firmed on Friday, following the US Agriculture Department’s monthly supply and demand report showing a drop in harvested US acres, though much of the reports findings had been anticipated by earlier trading.
Corn traded near even, while wheat edged lower after touching a new seven-week low, pressured by easing concerns about global export supplies.
The most-active soybean contract on the Chicago Board of Trade (CBOT) added 16 cents to $12.86-1/2 a bushel, notching its biggest gain since Aug. 24, though the most-active contract lost 0.43 percent for the week.
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