Soybeans gains

SINGAPORE: Chicago soybean futures gained almost one percent on Tuesday as the market recovered from its lowest in more than two weeks with rains in Argentina raising concerns over potential decline in yields.

Wheat slid for a third consecutive session on lack of demand for U.S. shipments, while corn rose around half a percent following two sessions of losses.

The Chicago Board Of Trade most-active soybean contract rose 0.9 percent to $10.41-1/2 a bushel by 0307 GMT, having closed down 1.1 percent on Friday when prices hit a low of $10.31 a bushel - the weakest since Feb.

6. Corn rose 0.4 percent to $3.69-3/4 a bushel, having closed down 1.4 percent on Friday and wheat fell 0.3 percent to $4.39-3/4 a bushel, adding to 1.5 percent decline on Friday.

"South America is very a important region for soybeans and when you see reports of weather and flooding, you are going to get a price response," said Phin Ziebell, agribusiness economist at National Australia Bank.