Chicago soybean futures fell on Thursday as traders focused on forecasts calling for rain in Brazil, tempering some concerns over yield losses in the world's top oilseed exporter.
Corn up on technical bounce, wheat up on weaker dollar
Exports being lost because of US-Mexico rail crossing closures, industry says
U.S. wheat prices essentially bottomed out during late November; recovered somewhat in December
Wheat futures rose on a technical bounce
Some feedlots becoming backed up with heavier cattle, setting negative tone for feed complex
Good export demand also underpinned soybeans
Traders waited to see whether beneficial rains will arrive in dry areas of Brazil
China may buy a couple more cargoes of U.S. soy for next-year delivery: analysts
Corn and wheat futures also traded lower
Wheat and corn futures advance