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Corn, Wheat Prices Drop in Chicago, Erase Gains; Soybeans Steady

Aug. 14 (Bloomberg) -- Corn and wheat prices fell on the Chicago Board of Trade, erasing earlier gains. Soybeans were little changed after paring gains.

Corn futures for December delivery slipped 0.4 percent to $7.8925 a bushel at 9:06 a.m. in Chicago, after gaining 1 percent. Wheat futures for December delivery dropped 0.9 percent to $8.68 a bushel on the CBOT. Soybean futures for November delivery were unchanged at $16.0075 a bushel in Chicago, after dropping as much as 0.5 percent and rising 0.8 percent.

To contact the editor responsible for this story: Steve Stroth at sstroth@bloomberg.net

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