Corn, wheat steady after sell-off, soybeans firm

Business Recorder (Mar. 7, 2012) | US wheat and corn steadied on Wednesday on bargain-hunting after a sharp sell-off on Tuesday in cautious trade ahead of a key upcoming US government crop report, while soybeans remained at five-month highs.Soybeans continued to be supported by fears of drought damage to South American crops and expectations a US Department of Agriculture (USDA) report on Friday will predict smaller crops in Brazil and Argentina, traders said.