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SINGAPORE- Chicago corn futures rose 1 percent on Tuesday after a US government report pegged the condition of domestic crops below market expectations, sparking concerns over global supply.
Soybeans and wheat firmed in Asian trade.
“US weather continues to be the major focus,” said Tobin Gorey, director of agricultural strategy at Commonwealth Bank of Australia. “Weather forecasters have the US Midwest’s north west on a path to an expanding area of dryness and crop stress over the next fortnight.”
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