Corn down

Sydney : U.S. corn futures inched down for the first time in three sessions on Thursday, though prices remained near a two-week high that was hit the previous day after a bout of short-covering.

The most active corn futures on the Chicago Board of Trade were down 0.1 percent at $3.52-1/2 a bushel by 0148 GMT.

They gained 1.4 percent in the previous session, during which they touched their highest since Jan. 4 at $3.53-1/4 a bushel.

The most active soybean futures were little changed at $9.68-1/4 a bushel, having firmed 0.1 percent on Wednesday. The most active wheat futures were up 0.2 percent at $4.22-1/2 a bushel, after closing up 1.2 percent on Wednesday.

Corn had been under sustained pressure after the U.S. Department of Agriculture crop report last week showed massive stocks and a bigger-than-expected U.S. harvest.