CANBERRA—Chicago corn and wheat futures rose slightly on Thursday after sharp declines earlier in the week, with corn supported by US export demand and wheat by bargain-hunting.
Soybeans edged lower as large South American harvests and a lack of Chinese demand for US crops weigh on prices.
Markets in numerous countries in Europe and Asia are closed on Thursday for public holidays.
The most-active corn contract on the Chicago Board of Trade (CBOT) was up 0.2 percent at $4.76-1/4 a bushel, with CBOT wheat rising 0.2 percent to $5.31-3/4 a bushel and soybeans Sv1 0.1 percent lower at $10.44 a bushel.
All three contracts fell last year to their lowest levels since 2020. Corn has since risen by around 20 percent and soybeans by around 10 percent but wheat prices have barely budged.
The US Department of Agriculture (USDA) said on Wednesday that unknown buyers had purchased 120,000 metric tons of US corn, following other recent purchases by Spain and Mexico.
The USDA will issue weekly grain and soybean export sales data on Thursday. Analysts expect US corn sales of between 700,000 and 1.5 million tons.
