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

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