Corn higher

SYDNEY: U.S. corn extended gains into a third consecutive session on Wednesday after the U.S. Department of Agriculture pegged the pace of planting behind market expectations, pushing prices towards a three-week high.

The most active corn futures on the Chicago Board Of Trade rose 0.1 percent to $3.75-1/2 a bushel, having gained 0.7 percent in the previous session when prices hit a high of $3.77-1/2 a bushel - the highest since May 2. The most active soybean futures little changed at $9.57 a bushel, having firmed 0.4 percent on Tuesday. The most active wheat futures rose 0.1 percent to $4.34-3/4 a bushel, having closed down 0.2 percent on Tuesday. 

U.S. soybean planting was pegged at 53 percent complete, slightly ahead of market forecasts.  Forecasts called for unfavourably wet weather in the central Plains hard red wheat zone in the next two weeks, but more limited rain prospects in the southern Plains could help harvesting.