Corn closed firm on Friday on concerns about some forecasts for hotter and drier weather in the United States in late July and August kept away aggressive selling and lifted corn to a firm close. The world is enduring the hottest year on record, according to a U.S. national weather analysis, causing droughts worldwide and a concern for U.S. farmers counting on another bumper year.
Soybean futures ended mostly lower Friday, as the market consolidated in choppy trade following the week's sharp run-up in prices. The market staged a modest correction from Thursday's 2% gains, with traders reducing risk exposure heading into the weekend.
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