Investing.com - U.S. grain futures were mixed in rangebound trade on Tuesday, with corn prices holding steady near a seven-week high amid ongoing indications of robust export demand for U.S. supplies.
On the Chicago Mercantile Exchange, corn futures for March delivery held in a tight range between USD4.3440 a bushel and USD4.3600 a bushel.
The March contract last traded at USD4.3588 a bushel during U.S. morning hours, up 0.05%.
CBOT March corn hit USD4.3860 a bushel on Monday, the strongest since December 11, before trimming gains to settle at USD4.3560, up 0.4%.
Elsewhere on the CBOT, soybeans futures for March delivery inched up 0.2% to trade at USD12.9588 a bushel. Prices of the oilseed traded in a range between USD12.9113 a bushel and USD12.9863 a bushel.
The March soy contract rallied to USD12.9960 a bushel on Monday, the highest since January 21, before paring gains to settle at USD12.9260 a bushel.
Meanwhile, wheat for March delivery traded at USD5.6263 a bushel, down 0.3%. Wheat prices held in a tight range between USD5.6213 a bushel and USD5.6513 a bushel.
The March wheat contract settled 1.44% higher on Monday to end at USD5.6360 a bushel.
Wheat prices have been under heavy selling pressure in recent sessions as increased global production underlined concerns over ample supplies. Futures fell to USD5.5020 a bushel on January 30, the lowest since July 2010.
Corn is the biggest U.S. crop, followed by soybeans, government figures show. Wheat was fourth, behind hay.