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SINGAPORE- Chicago corn futures were little changed on Tuesday, trading near the previous session’s eight-year high on global supply worries although a rapid pace of US planting curbed gains.
Wheat gained ground after dropping more than 2 percent on Monday, while soybeans ticked higher.
“Asian buyers are not chasing high global corn prices,” said one Singapore-based feed grain trader. “Importers are waiting for the US government’s supply-demand report due next week for a price direction. High prices are likely to prompt US farmers to plant more corn.”
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