US grain prices fell sharply on Monday after the latest update from the US Department of Agriculture suggested that weaker demand would leave stocks of corn, soyabeans and wheat at comfortable levels at the end of the current crop year.

CBOT March corn dropped 30 cents to $3.80¾ a bushel while CBOT March wheat lost 57 cents to $5.72½ a bushel and CBOT March soyabeans fell 54 cents to $9.81¾ a bushel.