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CANBERRA- US corn futures rose 1.5 percent on Tuesday after the US Department of Agriculture (USDA) pegged planting progress behind market expectations, stoking concerns over global supply.
Wheat rose 1 percent while soybeans also climbed 1 percent.
The most-active corn futures on the Chicago Board Of Trade were up 1.5 percent at $6.62-1/2 a bushel, having closed 1.4 percent higher in the previous session shortly after prices hit an April 28 low of $6.33.
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The USDA said US farmers had planted 80 percent of their intended corn acres, as of Sunday, up from 67 percent a week earlier and the five-year average of 68 percent. However, analysts polled by Reuters had expected a range of 79 percent to 88 percent.
