Copyrighted Image by: Reuters.

CHICAGO - In the latest commodity market movements, corn futures remained steady while wheat prices experienced a slight uptick, influenced by robust global demand. On the Chicago Board of Trade, March corn held at $4.42 per bushel, despite recently hitting a three-year low. Meanwhile, wheat prices edged higher to $5.825 per bushel, bolstered by significant demand from countries like Egypt, Algeria, and Tunisia.

Soybeans, however, did not fare as well, with futures dropping to $12.0575 per bushel, which is close to a two-year low. This decline is part of a broader market downturn affecting various commodities. Weather developments have introduced mixed influences on the market; anticipated beneficial rains in Brazil offer some hope for crop conditions, yet the country's production forecasts are still compromised due to earlier droughts.

https://www.investing.com/news/commodities-news/corn-and-wheat-prices-diverge-amid-global-demand-and-weather-forecasts-93CH-3276737