SINGAPORE- Chicago corn and soybean futures ticked higher on Monday, after losses in the previous session, although gains were limited due to expectations of further rains in the US Midwest.
Wheat prices slid for a third consecutive session to a one-week low due to ample supplies from newly harvested Russian crop.
The most-active corn contract on the Chicago Board of Trade (CBOT) was up 0.1 percent at $4.95 a bushel while soybeans was 0.3 percent higher at $13.21-1/2 a bushel. Wheat fell 0.6 percent to $6.45-3/4 a bushel.
Grain traders are monitoring shifts in weather as more US corn enters its critical pollination stage. Two-thirds of corn and 60 percent of soybeans were affected by drought as of July 4, according to the US Department of Agriculture (USDA). – Reuters
