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Soybeans edged lower on Friday, remaining on course for a weekly decline as a lack of Chinese demand for U.S. supplies hung over the oilseed market. Corn rose for a second consecutive session, supported by strong weekly export data, while wheat eased. Traders were adjusting positions at the end of the month and before a long weekend in the United States, where financial markets will be closed on Monday for the Labor Day holiday. The most active soybean contract on the Chicago Board of Trade (CBOT) ZS1! was down 0.5% at $10.43-1/4 a bushel by 1103 GMT to hold near Thursday’s one-week low. Soybean prices had climbed to a two-month peak last week, buoyed by hopes that China would revert to buying U.S. crop after months of shunning the origin in a wider trade war with Washington. But no such purchases have been confirmed. “China is continuing to buy most of its soybeans from Brazil and other South American countries,” said one oilseed trader in Singapore. “This is going to put ...

U.S. soybean exporters risk missing out on billions of dollars worth of sales to China this year as trade talks drag on and buyers in the top oilseed importer lock in cargoes from Brazil for shipment during the key U.S. marketing season, according to traders. Chinese importers have finished booking soybean cargoes for September, taking

Soybeans edged higher on Friday, but the market is on track for its first weekly decline in three weeks as a lack of Chinese demand for U.S. supplies continues to pressure prices. Corn rose for a second consecutive session on strong demand for U.S. cargoes, while wheat firmed. “China is continuing to buy most of its soybeans from Brazil and other South American countries,” said one oilseed trader in Singapore. “This is going to put pressure on Chicago futures.” The most-active soybean contract on the Chicago Board of Trade (CBOT) was up 0.2% at $10.49-3/4 a bushel, as of 0300 GMT. Corn gained 0.2% to $4.11 a bushel and wheat added 0.1% to $5.29-1/2 a bushel. For the week, soybeans are down 0.8%, having closed higher in the last two weeks, corn and wheat are largely unchanged for the week. China’s absence from the U.S. soybean market is keeping a lid on prices. The attention is on talks this week between the two nations. Senior Chinese trade negotiator Li Chenggang is expected ...