CHICAGO- Chicago soybeans climbed on Friday, bolstered by extreme heat and mixed results on the final day of a Midwest crop tour.
Corn traded much of the day mixed, ending just under even as crop production remains robust, despite recent yield-eroding weather.
Wheat fell as global supplies remain plentiful, though signs of concern have crept into some key growing regions.
The most active soybean contract on the Chicago Board of Trade (CBOT) ended up 16 cents at $13.87-3/4 a bushel, after reaching a one-month high of $13.90-1/2, its highest since July 28.
For the week, soybeans added 2.48 percent , its second consecutive weekly gain.
CBOT corn eased 1/4 cent to $4.88 a bushel, finishing the week down 1.22 percent .
CBOT wheat fell 10 cents to $6.21-3/4 a bushel, ending the week down 2.97 percent .
US 2023 soybean production could total 4.110 billion bushels, advisory service Pro Farmer said after the market close, below the USDA’s most recent estimate of 4.205 billion bushels. Pro Farmer pegs yield at 49.7 bushels per acre. – Reuters
