Corn futures tumbled for a second day in a row on Friday, falling more than 4 percent a day after a government report showed improved crop and supply prospects in the United States. Soybeans bounced back from a sell-off on Thursday fuelled by the US Department of Agriculture's acreage and stocks reports, and wheat prices climbed as well, buoyed by short-covering moves.
At 12:02 pm CDT, (1702 GMT), thinly traded expiring July corn was up 9-3/4 cents at $6.38-3/4 while benchmark new-crop December corn futures were down 4.4 percent at $5.93. CBOT July wheat was up 5-1/4 cents at $5.90 after falling early to $5.65-1/4. CBOT July soyabeans were up 15 cents at $13.21-1/4.