The most active corn contract for December delivery fell 3 cents, or 0.62 percent, to settle at 4.795 U.S. dollars per bushel. December wheat rose 2 cents, or 0.32 percent, to settle at 6.275 dollars per bushel. November soybean lost 15.75 cents, or 1.16 percent, to settle at 13.46 dollars per bushel.
CBOT agricultural markets were weaker as the U.S. dollar index found a new 11-week high.
Trade volume remains tepid. The looming North Hemisphere harvest keeps new buying limited and even absent into late month. But amid record large global soybean and wheat trade and recovering corn demand, recoveries lie ahead. Chicago-based research company AgResource warns against sales here.
Egypt's GASC Tuesday purchased one cargo of Romanian wheat at FOB price of 256 dollars per metric ton. Egypt has covered supply needs through mid-October.
U.S. exporters sold to Mexico 112,000 metric tons of U.S. corn for 2024-2025 delivery and 112,000 metric tons for 2025-2026.
Weather forecast shows ongoing lack of precipitation into the first full week of September. While extreme heat ends on Friday, evaporation rates stay elevated. Arid conditions persist.
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