Corn sags, soyabeans post longest weekly skid in 30 months

Chicago

US corn futures drifted to a one-week low on Friday as traders adjusted positions ahead of a monthly US government report that analysts expect to show rising grain inventories and big South American crops.

Soyabeans closed narrowly mixed but the most-active contract posted a fifth weekly decline, its longest losing streak in 30 months, weighed down by rising global supplies.