PARIS/JAKARTA, July 10 (Reuters): Chicago corn and wheat futures edged down on Wednesday as favourable crop conditions kept a lid on prices, while soybeans steadied after hitting another near four-year low.
Rapid wheat harvest progress and good growing conditions for corn and soybeans have weighed on Chicago prices, and traders continues to see weather forecasts as posing limited threats to crops.
The most-active corn contract on the Chicago Board of Trade (CBOT) was down 0.4 per cent at $4.06-3/4 a bushel by 1241 GMT. That put it near a June 28 low of $3.99-1/2 that was its weakest since November 2020.
CBOT soybeans ticked up 0.1 per cent to $10.81-1/4 a bushel, after earlier touching its lowest since November 2020 at $10.72.
CBOT wheat fell 0.8 per cent to $5.67-1/4 a bushel.
The US Department of Agriculture (USDA) on Monday increased its condition scores for U.S. corn and soybean crops.
Corn, wheat edge lower, soybeans steady
FE Team | Published: July 10, 2024 23:39:17
Corn, wheat edge lower, soybeans steady
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