Soybeans, wheat firm; corn steady


    CANBERRA- US soybean futures edged higher on Tuesday as harvest delays in Brazil stoked concerns about short-term supply disruptions.

    Corn was little changed, while wheat edged up for a second straight session.

    The most-active soybean futures on the Chicago Board Of Trade were up 0.4 percent to $14.18 a bushel, having firmed 0.8 percent on Monday.

    Analysts said soybeans were drawing support from concerns about worries about harvesting delays in Brazil, which could limit near-term supplies.

    “The prompt market remains very tight,” said Tobin Gorey, director of agricultural strategy, Commonwealth Bank of Australia.

    Brazilian farmers had harvested 78 percent of the area planted with the 2020/2021 soybean crop as of last Thursday, compared with 83 percent at the same point last year, agribusiness consultancy AgRural said on Monday.