Chicago corn prices dipped to a new three-year low on Wednesday, as weather charts showed a hot, dry spell in Argentina will give way to widespread rain in the coming days, traders said.
Easing heat wave in Argentina tempers crop worries
Top three canola importers bought less, U.S. bought more
Recent hot spell in Argentina may have eroded potential corn yields
Wheat futures rose while corn ended lower on forecasts for rain in Argentina
Strong dollar weighed heavy on wheat; corn pressured by sluggish exports
Demand for U.S. soy hampered by strong competition from Brazil, China's economic woes
Early harvest reports from South America could affect prices
South American rainfall, Chinese demand, good production outlook for U.S., Russian wheat weighing on prices
Wheat followed the firm trend, bouncing after a slide to one-week lows