Corn lowers

SYDNEY: U.S. corn edged lower for the first time in four sessions on Friday, but was still poised to post weekly gains of nearly 4 percent as concerns about potential crop losses from adverse weather support prices.

The most active corn futures on the Chicago Board Of Trade were up nearly 4 percent for the week, recouping all of the losses from the previous week.

The most active soybean futures were up 2.5 percent for the week after posting weekly losses of 1.4 percent in the previous week.

The most active wheat futures were down nearly 1 percent for the week, after falling 4.5 percent last week. Corn supported as weather models point to continued dry weather, threatening crops that are entering a key pollination phase of development.