PARIS/JAKARTA: Chicago corn futures edged lower on Tuesday to hold near a six-week low after a government report underscored a favourable start to the US growing season.
Soybeans inched higher to come off a one-month low but like corn remained curbed by US planting progress as well as pressure from a slide in crude oil prices.
Wheat steadied after a two-week low as the market awaited the outcome of tenders on Tuesday by major importers Egypt and Algeria, and continued to monitor yield-threatening weather in leading exporter Russia.
The most-active corn contract on the Chicago Board of Trade (CBOT) was down 0.3% at $4.42 a bushel by 0913 GMT, hovering near Monday’s six-week low of $4.39.
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