Grain Futures End Mostly Lower as Corn and Soybeans Extend Weekly Losses

Grain futures ended mostly lower on Friday, capping a difficult week for corn and soybeans.

The December corn contract fell by 4.5 cents to $4.97.75, marking a weekly decline of 30.5 cents. The market continued to feel the impact of Wednesday's bearish USDA Grain Stocks report, with Friday's close below the five-dollar mark leaving technical conditions weak.

The November soybean contract dropped by 5.75 cents to $12.78.25, finishing the week down 40.75 cents due to selling pressure tied to long liquidation and deteriorating technical conditions.

Wheat markets were mixed, with December Chicago wheat gaining a quarter cent to $6.83 while December Kansas City wheat fell by 2.25 cents to $7.35.25.