US soyabeans fell for a second straight session on Friday while corn headed for its third straight weekly decline, as grain markets remained roiled by Europe's escalating debt crisis and lacklustre export demand. Corn has pulled back 7.6 percent since the beginning of the month, reaching a seven-week low as traders worry that an economic slowdown will curb demand for commodities.
US export sales of corn last week at 350,000 tonnes were below trade expectations for 400,000 to 600,000 tonnes. Chicago Board of Trade (CBOT) corn for December delivery fell 0.1 percent, or 1/2 cent, to $5.89-1/4 per bushel by 10:25 am CST (1625 GMT). December wheat slipped 0.7 percent, or 4 cents, to $5.75-1/4 a bushel, set for a fourth straight week of losses. Most-active January soyabeans fell 0.6 percent, or 7-1/2 cents, to $11.15 per bushel.