SINGAPORE: Chicago wheat futures edged higher on Wednesday as bargain-buying followed the deep losses in the last session that drove the market to its lowest since early June.
Soybeans slid for a third consecutive day, dropping down to a 1-1/2-month low as rains boosted U.S. crop prospects, while corn held near Tuesday´s seven-week low. The Chicago Board of Trade most-active wheat contract gained 0.4 percent to $4.31-1/4 a bushel by 0337 GMT.
Earlier in the session the market dropped to $4.28 a bushel, matching Tuesday´s low and the weakest since June 5. Soybeans slid 0.2 percent at $9.22-3/4 a bushel, after earlier touching the weakest since June 30 at 9.22 a bushel.
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