The most active corn contract for March delivery was down 0.25 cent, or 0.06 percent, to settle at 3.845 U.S. dollars per bushel. March wheat added 0.25 cent, or 0.05 percent, to settle at 5.5025 dollars per bushel. March soybeans fell 0.75 cent, or 0.08 percent, to close at 9.44 dollars per bushel.
Concerns about tensions in the Middle East following the killing of an Iranian general by the United States weighed on soybeans and corn prices, traders said.
Grain markets remained risk-averse ahead of Friday's U.S. Department of Agriculture report which is expected to show smaller U.S. corn and soy crops.
Managing risk over the next several months amid heightened geopolitical and trade uncertainty will be key, Chicago-based AgResource company wrote in a commentary.
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