Investing.com - U.S. grain futures edged higher on Tuesday, as investors returned to the market to seek cheap valuations in wake of Monday's losses.
On the Chicago Mercantile Exchange, US soybeans for May delivery tacked on 0.72 cents, or 0.07%, to trade at $10.1513 a bushel during U.S. morning hours.
A day earlier, soybean prices touched $10.3900, the most since January 12, before turning lower to end down 18.0 cents, or 1.74%, at $10.1360, amid receding concerns over Brazilian export prospects as a two-week old strike by Brazilian truck drivers appeared to be coming to an end.
Brazil is a major soybean exporter and competes with the U.S. for business on the global market, which could weigh on demand for U.S. supplies.
Meanwhile, US wheat for May delivery advanced 0.98 cents, or 0.19%, to trade at $5.0138 a bushel.
On Monday, the May wheat contract hit $5.1860 a bushel, the strongest level since February 20, before closing at $5.0000, down 13.0 cents, or 2.53%, as worries over the impact of frigid weather on the U.S. winter-wheat crop eased.
Wheat has been under pressure in recent weeks amid ample global supplies and indications of reduced demand for U.S. wheat.
Elsewhere on the Chicago Board of Trade, US corn for May delivery inched up 1.52 cents, or 0.39%, to trade at $3.9013 a bushel.
US corn for May delivery tumbled 5.2 cents, or 1.34%, on Monday to settle at $3.8800, as losses in soybeans and wheat weighed.
Corn is the biggest U.S. crop, followed by soybeans, government figures show. Wheat was fourth, behind hay.