Corn futures rose early on Tuesday after a US government report forecast surprisingly smaller-than-expected stocks this autumn, and were followed higher by wheat and soybeans. Chicago Board of Trade corn for December delivery gained 2.4 percent, or 15 cents, to $6.47-3/4 per bushel at 11:00 am CDT (1600 GMT), reversing steep overnight losses caused by fears that the eurozone debt crisis could spread to Italy and Spain.
Chicago September wheat turned higher off earlier losses to climb 1.2 percent, or 7 cents, to $6.46-3/4 per bushel. New-crop November soyabeans were firm, edging up 2-3/4 cents to $13.49-3/4 per bushel.