SINGAPORE: Chicago wheat futures edged higher on Friday as the market took a breather following last session´s deep losses, which were triggered by a crop tour forecasting above-average yields despite last weekend´s snowstorm.
Corn rose around half a percent while soybeans ticked up after closing marginally lower with the focus on planting weather in the U.S. Midwest, which is expected to be favourable for crops. The Chicago Board of Trade most-active wheat contract was up 0.1 percent at $4.38 a bushel by 0301 GMT after dropping 3.6 percent in the previous session.
Corn added 0.5 percent to $3.68-1/4 a bushel and soybeans gained 0.1 percent to $9.75-1/4 a bushel.
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