Reading Time: 2 minutes Chicago front-months' corn contracts hit new lows on Wednesday after the U.S. government closed two key rail crossings into Mexico, the top importer of U.S. corn, in response to rising migrant crossings.
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
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
Wheat futures plummeted; corn pressured by spillover weakness
U.S. government reported sales of 1,120,000 tons of soft red wheat to China this week