SINGAPORE- Chicago wheat edged higher on Tuesday, after hitting a more than three-month low in the previous session, although ample supplies from the Black Sea region following an extension of the export corridor deal curbed gains.
Soybeans climbed to a two-week high, while corn eased.
The most-active wheat contract on the Chicago Board of Trade (CBOT) rose 0.5 percent to $7.84-3/4 a bushel after dropping on Monday to its lowest since Aug. 22 at $7.73-1/4.
Soybeans added 0.3 percent to $14.61-3/4 a bushel and corn was down 0.1 percent at $6.70-1/2 a bushel.
Cheap supplies from Russia and elsewhere in the Black Sea are leading to competition for US suppliers.
Russian wheat prices rebounded slightly last week from a week earlier, when they fell on the extension of the Black Sea grain supply deal, analysts said on Monday.
Prices for Russian wheat with 12.5 percent protein content and for supply from Black Sea ports in December were at $317 a ton free on board (FOB) on Friday evening, up $3 from a week earlier, the IKAR agriculture consultancy said in a note.
