Wheat futures on the Chicago Board of Trade fell more than 2 percent on Tuesday on technical selling, including profit-taking, and a firmer dollar that diminished US export prospects, traders said. Corn turned lower after rising to a one-month high spot price, following wheat lower.
Soyabeans also hit a one-month high in the front contract before turning lower as profit-taking offset concerns about dry weather in Argentina. December CBOT contracts expire at 12:01 pm CST (1801 GMT). CBOT trends at 10:28 am CST (1628 GMT) on Tuesday. December wheat down 20-1/4 cents at $7.20 a bushel; March down 19 at $7.61-1/4. December corn down 2-1/2 cents at $5.72-3/4 per bushel; March down 4 at $5.84-1/2. January soyabeans down 3-1/2 cents at $12.99 per bushel.