On what would have been a bearish week on the Chicago Board of Trade ending Dec. 27, prices received a sharp boost as trading resumed after Christmas.
Re-opening of U.S./Mexico rail crossings boosted corn, dryness lifted soybeans
Railways between U.S. and Mexico reopened five days after key trade routes closed
Prior to drought year 2021/22, Canadian corn imports had rarely topped two million tonnes
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
Good export demand also underpinned soybeans
Traders waited to see whether beneficial rains will arrive in dry areas of Brazil
Corn and wheat futures also traded lower