SINGAPORE- Chicago corn and soybean futures slid on Tuesday after a better-than-expected US Department of Agriculture (USDA) report on the condition of both crops.
Wheat fell for a fourth consecutive session as harvest across the US Great Plains continued to weigh on the market.
The most-active corn contract on the Chicago Board Of Trade (CBOT) fell 0.6 percent to $3.33-3/4 a bushel, having closed 1.2 percent lower in the previous session.
Soybeans were down 0.4 percent at $8.96-3/4 a bushel and wheat lost 0.3 percent to $5.20-1/2 a bushel.
The USDA raised its good-to-excellent rating for the nation’s soybean crop on Monday and kept its corn rating unchanged, surprising analysts who expected a decline in the condition of both crops from a week ago.
