Corn gained, snapping the longest losing streak since March 2011, on signs that a slump in prices may have boosted demand for supplies from the U.S., the world’s largest grower. Soybeans rose. The grain for December delivery advanced as much as 0.4 percent to $7.40 a bushel on the Chicago Board of Trade, after declining for six straight days. Futures were at $7.38 by 2:15 p.m. Singapore time, trimming the monthly loss to 2.4 percent. Corn inspected at U.S. ports before shipment, increased 49 percent to 15.5 million bushels in the week to Oct. 25 from a week earlier, the Department of Agriculture said yesterday. “That’s quite an impressive inspections result,� Ker Chung Yang, an analyst at Phillip Futures Pte., said by phone from Singapore today. “It’s one of the factors that will support prices.� South Korean Feed Buying Group is seeking to import 126,000 metric tons of U.S. yellow corn through a tender at 4:30 p.m. Seoul time, according to a notice e-mailed to Bloomberg today. Korea Corn Processing Industry Association is also seeking to buy 55,000 tons of genetically-modified corn for food production at a bidding at 5 p.m., according to notice to suppliers. Soybeans for January gained 0.2 percent to $15.3325 a bushel, after losing 2.7 percent in the past three days. Wheat for December delivery gained 0.2 percent to $8.5975 a bushel for the first advance in four days. The soybean-producing region in Brazil, set to overtake the U.S. as the world’s largest grower in the marketing year 2012-2013, will have rain this week, which should aid planting, weather consultant Somar Meteorologia said in a report yesterday. The nation’s corn growing areas will also receive rain this week, it said in a separate report. To contact the reporter on this story: Luzi Ann Javier in Singapore at ljavier@bloomberg.net To contact the editor responsible for this story: James Poole at jpoole4@bloomberg.net

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