Corn, soybeans ease as U.S. crop ratings top expectations
DBA•Crop condition data beats expectations
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The most-active corn contract on the Chicago Board of Trade (CBOT) fell 0.6% to $4.70-1/4 a bushel, as of 0020 GMT, having climbed to its highest since May 20 on Monday, while soybeans Sv1 gave up 0.3% to $12.23 a bushel, having reached their highest since May 13 in the last session.
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Wheat Wv1 rose 0.2% to $6.75-1/2 a bushel.
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The U.S. Department of Agriculture on Monday kept condition ratings for the nation's corn and soybean crops mostly steady from the previous week, surpassing analyst expectations from a Reuters poll of 11 analysts.
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The agency pegged condition ratings for the U.S. corn crop at 67%, one percentage point below the previous week's rating. Analysts had expected the agency would peg corn ratings at 66%.
