SINGAPORE- Chicago corn futures eased from a one-week high on Wednesday, while concerns over hot and dry weather in parts of the US Midwest provided a floor under the market.
Wheat lost ground, while soybeans fell for the first time in four sessions.
The most-active corn contract on the Chicago Board of Trade (CBOT) fell 0.6 percent to $5.97-1/4 a bushel, after climbing earlier in the session to its highest since July 19 at $6.03 a bushel.
Wheat gave up 0.8 percent to $7.97-1/2 a bushel and soybeans Sv1 dipped 0.3 percent to $13.80 a bushel.
The US Department of Agriculture’s weekly condition ratings for corn, soybeans and spring wheat on Monday fell more than most analysts expected, while upcoming forecasts call for more sweltering heat across the US Midwest and Plains.
Strong wheat demand amid a lack of Ukrainian supplies is underpinning prices.
Traders purchased seven shipments of French wheat aimed for Pakistan as part of a 300,000-tonne tender last week, European traders said on Tuesday, in a further sign that importing countries are turning to western Europe to fill a gap left by missing Black Sea grain.
