Grain futures snap multi-week losing streaks to close the week.
Grain markets ended the week higher as Corn, Soybean and Wheat futures all snapped multi-week losing streaks. December Corn futures gained 3 cents on Friday to settle at 445'4, rising 4.5 cents for the week to end a six-week decline. Corn export sales reached a marketing-year high of 2.881 million metric tons, alongside a 303,000 metric ton flash sale to Mexico, while CONAB held Brazilian corn output steady at 148 million metric tons. January Soybean futures climbed 12.5 cents to 1231'4, gaining 39 cents on the week to break a four-week slide. Soybean export sales totaled 1.15 million metric tons with three flash sales to China, Vietnam and unknown destinations, and CONAB left Brazilian soybean production unchanged at 181.6 million metric tons. December Chicago Wheat futures rose 9 cents on Friday to settle at 593'2, advancing 2.25 cents for its first weekly gain in 11 weeks despite marketing-year-low export sales of 183,000 metric tons and a lower Brazilian wheat crop estimate of 5.26 million metric tons.