Large world grain supplies and a clearing weather forecast overshadowed the bullish data, as U.S. growers will pick up the pace of corn planting as rains dries out in the Midwest. Lackluster export demand also weighed on the grain markets, with concerns over domestic demand for corn growing thanks to the spread of avian influenza, a virus that has affected nearly eight million chickens and turkeys since late last year. May corn fell 3 3/4 cents, or 1%, to $3.74 1/4 a. May wheat shed 3/4 cent, or 0.2%, to $4.98 a bushel.
Soybean prices also fell after climbing to a two-week high on Monday in part to worries that demand for soybean meal, would decline with the advance of avian influenza throughout the Midwest. May soybeans dropped 1 1/4 cents, or 0.1%, to $9.76 1/4 a bushel.
pick up the pace of corn