US corn futures edged higher on Wednesday as rainy conditions around the Midwest slowed the brisk pace of planting, but gains were capped by continued concerns about soft demand and ample supplies of the grain.
The US Department of Agriculture said late on Tuesday that 88% of the US corn crop was planted, below the average trade estimate for 90%.
Slow field work progress in some areas of the Corn Belt, notably North Dakota, could trim planted acres. That kept a floor under prices.
Concerns about plentiful supplies and weak demand remained a cap on the corn market as the coronavirus pandemic continues to disrupt livestock production and fuel demand.