US corn futures rose to a two-week high on Tuesday as forecasts for rains in the US Midwest threatened to further delay spring planting, raising the value of extremely low old-crop stocks. Wheat futures dropped on a profit-taking setback despite a supportive fundamental picture.
Chicago Board of Trade May corn was up 4-1/4 cents at $7.66-3/4 a bushel at 11:09 am CDT (1609 GMT). CBOT May wheat was down 6-3/4 cents at $8.19-1/4 a bushel and CBOT May soybeans were down 10-1/4 cents at $13.79-1/4.
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