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CANBERRA- US corn futures edged higher on Thursday, recovering from a sharp drop in the previous session, as concerns over global supplies supported prices.
Soybeans and wheat also ticked higher after two straight sessions of falls.
The most-active corn futures on the Chicago Board of Trade were up 0.1 percent at $6.44-3/4 a bushel, after closing 1.6 percent lower on Wednesday.
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Corn hit its highest level in nearly eight years earlier in the week, igniting profit-taking that saw prices fall more than 3 percent at one point on Wednesday.
Analysts said a correction was underway despite uncertainties about global production. — Reuters
