1. Corn and soybean futures initially rose before retreating on weakness in the wheat market and concern about the possibility of weak export demand down the road. 2. Corn futures fell on weak exports and news of larger world feed-grain supplies, as well as the expected large U.S. crop. 3. Corn futures rose for a fourth day amid expectations that strong U.S. demand for livestock feed will compensate for weak exports. 4. Gains were limited by weak exports so far this year, he said. 5. Growth was stifled at home by energy rationing and high interest rates and abroad by weak export markets. 6. Kansas City and Chicago wheat futures prices closed mostly lower Wednesday on weak exports. 7. Limiting gains was a weak export sales report for corn. 8. Much of that was a result of weak export demand from the United States and, to a lesser extent, Japan. 9. Soybean futures prices finished sharply lower because of pressure from weak export sales associated with larger-than-expected deliveries of soybeans. 10. Still, the agency cautioned that weak exports, high inventory levels and rising unemployment are reasons for concern. |