U.S. corn futures rose on Tuesday as investors unwound bearish bets ahead of a key government supply and demand report at the end of the week, traders said.
China imported a record 12.02 million metric tons of soybeans in May, up 24% from a year ago, customs data showed, as cargoes delayed during recent strict inspections were finally unloaded at ports.
Chicago wheat futures dipped during Asian trading on Friday and were on track for a weekly decline as damage to crops in China from heavy rain is seen unlikely to dampen global supply.
Brazil posted a $11.4 billion trade surplus in May, marking a record for any given month since the data series began in 1989, official data showed on Thursday.