Grains fell for a third straight session on Thursday on mild relief from the severe drought in the US Midwest farm belt, but losses were pared even as questions emerged that the biggest two-month rally in corn since 1988 may have peaked. Light showers fell in the Midwest overnight, providing some relief to the corn and soyabean crops, but a Tropical Depression in the Caribbean Sea earlier seen bringing rain to the Midwest in about 10 days was now forecast to veer into Mexico.
Chicago Board of Trade new-crop December corn fell 0.3 percent to $7.97-3/4 per bushel, off a session low of $7.85-1/4, by 1734 GMT. November soya fell 0.4 percent to $16.22 a bushel, off the day's low of $15.95. September wheat dipped 0.9 percent to $8.72 a bushel, off the session low of $8.56.
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