Corn prices at new six-month high, wheat and soy steady in United States

Chicago corn futures edged up on Monday to a new six-month high, supported by brisk U.S. exports and weather risks in Argentina, while wheat and soybeans also ticked higher. A slight fall in the dollar index DXY, which was consolidating below a recent two-year peak, also helped underpin Chicago grains in light year-end trading, traders said. The most-active corn contract on the Chicago Board of Trade (CBOT) was up 0.28% at $4.55-1/4 a bushel by 1128 GMT, rising for a seventh straight session. The benchmark earlier hit its highest since mid-June at $4.56-3/4, slightly above a previous six-month peak from Friday. Higher than expected weekly U.S. corn export sales, as reported on Friday by the U.S. Department of Agriculture, added buying impetus after a reduced USDA outlook for U.S. corn supplies earlier in the month. “The good weekly export sales figures provided support for prices,” Argus said in a note. “The weather conditions in Argentina are being observed with the utmost ...