US corn futures edged up on Tuesday as traders squared positions ahead of two widely watched reports, though prices were poised for their biggest quarterly loss in more than five years as the coronavirus pandemic rattles financial markets, reports Reuters.
U.S. Department of Agriculture (USDA) will issue two reports on Tuesday on prospective US plantings and quarterly grain stocks.
Analysts polled by Reuters expect the report to show US corn and soybean plantings above last year’s weather-reduced acreage and tighter year-on-year stocks of grain as of March 1.
