Corn and wheat futures were higher again on Friday, but volume was waning as funds slowed their buying pace. The soy complex saw continued but mild strength as exports remain a headwind for soybeans and meal. This week’s market action saw surprising strength due to demand-side factors (notably, ethanol demand in the U.S.) but next week’s trade is expected to shift to forecasting supply-side fundamentals. Analysts (including WPI) will start to issue their pre-WASDE forecasts, which are expected to reflect increased U.S. corn and soybean supplies, thanks to larger yields. That is likely to put pressure on the CBOT, especially with funds’ recent buying spree largely ended, and it would be unsurprising to see grain and oilseed...

TAGS – Feed Grains, Soy & Oilseeds, Wheat, Livestock, Australia, North America, South America