US wheat futures extended losses on Thursday and soyabean futures were also weaker as a make-or-break European Union summit loomed and doubts persisted about efforts to resolve the EU debt crisis. Corn prices bounced back from an early slide as technical support and good demand helped underpin the market.
At 10:01 am CST (1601 GMT), Chicago Board of Trade March wheat futures was down 1-1/2 cents at $5.99. March corn futures were up 1-1/4 cents at $5.94. January soyabeans were trading down 1/2 cent at $11.30-1/2.