CHICAGO—Chicago wheat was steady on Friday as the US dollar showed some signs of weakness and the market continued to assess lower-than-expected crop ratings, according to analysts, but weather in growing regions was favorable.
Soybeans and corn ticked lower, curbed by expectations of ample supplies and beneficial weather, and soybeans faced additional pressure from uncertainty over biofuel demand as the US government considers waivers for oil refiners.
The most active wheat contract on the Chicago Board of Trade (CBOT) settled flat at $5.34 a bushel. Corn dropped 3 cents to $4.44 a bushel.
CBOT soybeans fell 10 cents to $10.41-3/4 a bushel.
In the US, winter wheat conditions showed an unexpected decline last week, and the dollar was mixed on Friday as investors factored in the likelihood of trade tariffs remaining in some form, even as US President Donald Trump faces a court battle over his authority to impose them.
A weaker dollar makes US exports less expensive and more competitive to holders of other currencies.
