Corn ticks up, wheat down

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CHICAGO- Chicago corn futures ticked up on Friday as export demand for US crops swelled and harvest pressure eased, analysts said.

Soybean futures turned lower in choppy trading after rising earlier on US export sales. Wheat futures also eased as rains over dry regions of the US weighed on prices, though drought in the US Plains and poor Australian crop prospects provided a floor for prices.

Strong export demand is underpinning soybean and corn futures as US farmers wrap up the largest harvests of some of the crops in history.

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Demand for US crops has increased after expectations for massive harvests pushed prices down.

The US Department of Agriculture confirmed private sales of 781,322 metric tons of US corn to Mexico, including 715,800 tons for delivery in the 2024/25 marketing year that began Sept. 1 and the remaining 65,532 tons for 2025/26.

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