Chicago corn and wheat slipped on Wednesday, as concerns about potential damage to winter wheat crops moved to the background in light year-end trading. Soyabeans rose on technical buying, despite forecasts for much-needed rains in parts of Brazil next week. With a lack of fresh bullish news for the grains, traders sold futures, based on ample global supplies, said Mike Krueger, president of The Money Farm grain marketing service in Fargo, North Dakota.

Chicago Board of Trade March wheat futures slipped 1.4 percent or 6 cents at $4.69-3/4 a bushel, pressured by technical selling. The contract earlier touched $4.79-1/2 a bushel, the highest since December 22. March corn fell 1 percent or 3-1/2 cents to $3.59 a bushel. March soyabeans in Chicago edged up 0.4 percent or 4-1/2 cents to $8.70-1/4 a bushel, after reaching an 11-day low earlier in the week.

Copyright Reuters, 2016