SYDNEY: U.S. soybean prices edged up on Friday but were still near a 17-month low touched the session before, with forecasts for favourable crop weather pushing the oilseed towards its biggest weekly fall in six months.
The most active soybean futures on the Chicago Board of Trade are down nearly 3.5 percent for the week, in what would be their biggest weekly slide since Dec.23.
Soybeans hit a low of $9.03 a bushel - their weakest since April, 2016. * The most active corn futures are down 0.1 percent for the week, set for their fifth straight weekly slide.
The most active wheat futures are little changed for the week, after two straight weekly declines. Weekly U.S. export sales of soy, corn and wheat were generally in line with estimates, or worse.
Corn and soybean prices were weighed down as more mild temperatures moved into the U.S. Midwest crop belt. Rainfall was forecast in the coming days in the northern U.S. Plains, while in France the extent of damage from extreme heat was unclear.
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