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Wheat Extends Fall on Ample Supplies, Corn Struggles

Trading sentiment marred by abundant global supplies

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Chicago wheat futures slid for a second session on Tuesday, as the trading sentiment was marred by abundant global supplies following bumper harvests in top exporting countries, reports Reuters.

Corn fell for a third consecutive session on pressure from crop-friendly weather across the U.S. Midwest.

Plentiful rain in most of the U.S. Crop Watch locations last week boosted expectations for corn yield to the highest levels of the season, though the prediction calls for just slightly above average results.

Read the full report here.

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