The US Department of Agriculture (USDA) had raised the US soybean yield again; the agency projected it at 51.4 bushels per acre, up 0.8 bushels from the September forecast.
Factors such as a larger acreage than expected and buoyant stock levels going into the year have weighed in on US corn prices, notes a grain market specialist.
Greater availability, combined with lower open market prices for oats and a historically small wheat crop, has seen a hike in the use of oats in animal feed in the UK in recent months.
Russia Ukraine standoff - how it impacts the grain markets
The Ukraine political crisis will not hit wheat and corn export volumes, says a Kiev based market analyst, as the growing threat of war between that country and Russia has sent global wheat prices soaring this week.