Wheat extends gains; soybeans, corn fall

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    SYDNEY- US wheat futures edged higher for a third consecutive session on Tuesday as traders worried about the prospect of crop losses due to adverse weather, which has already weighed on production in the United States.

    Soybeans fell for the first time in eight sessions as traders banked profits after prices hit a more than four-year high in the previous session. Corn also edged lower.

    The most active wheat futures on the Chicago Board Of Trade were up 0.2 percent at $6.05-3/4 a bushel, having closed up 0.8 percent on Monday.