Corn and Soybeans Rebound to End Week After Oil-Driven Slump

Overview

• - Futures for corn and soybeans rose into Friday’s close, with corn up 3 to 4.5 cents and soybeans up 10 to 17 cents, trimming losses tied to Wednesday’s sharp crude oil drop.
• - USDA’s weekly report released Thursday showed 1.362 million metric tons of corn sales for the week ending April 30, led by buyers in Taiwan, Colombia, and South Korea, which signaled firmer near-term demand.
• - The same report showed a marketing‑year low for old‑crop soybean sales at 141,940 metric tons and weak old‑crop wheat bookings at 78,772 metric tons, underscoring a softer export pace for those crops.
• - Cattle futures fell Friday even as cash trade held near $256 to $260 per hundredweight, and USDA estimated weekly cattle slaughter below last year, while hog futures finished mixed on steady wholesale demand.
• - Traders now look to Tuesday’s WASDE, which will update U.S. stockpiles and global crop balances after a week shaped by energy headlines, export shifts, and position changes by large funds.