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Chicago Board of Trade corn futures ended higher on Friday, snapping a three-session skid on spillover strength from soyabeans, traders said. CBOT March corn settled up 3-1/4 cents at $3.80-1/4 per bushel. However, for the week, the contract fell 1-1/2 cents a bushel or 0.4 percent.

Light support noted from frigid weather in the US Midwest, which is likely to slow the movement of grain to domestic end-users and export terminals. Forecasts called for another cold snap next week. Soyabean futures firmed on declining estimates of Brazil's soya harvest and speculation that US trade talks with China next week could prompt China to buy US soyabeans as a "good faith" gesture.

Copyright Reuters, 2019


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