U.S. corn futures rallied , continuing the market's recovery efforts from last week's sharp losses, with support from a falling U.S. dollar and lingering concerns about lower yield and production potential buoying prices.
Wheat prices rose with corn and soybean prices as the US dollar fell. Market participants are keeping an eye on dryness that is slowing planting in the central and southern Plains. The slow start to sowing is "enough to keep the drum banging" on worries about production prospects for next year after drought devastated Russia's most recent crop, one trader said.
U.S. soybean futures climbed, rallying in step with advances in broader markets on the positive influence of a weaker U.S. dollar, sharp gains in precious metals and crude oil futures. Chicago Board of Trade November soybeans, the most-active contract ended 17 3/4 cents or 1.7% higher at $10.71 3/4.
Soy product futures ended higher across the board, propelled by broad based speculative buying in commodity markets. Soyoil was buoyed by a bounce in crude oil futures, analysts said. Soyoil is closely linked to energy prices as soyoil is the primary feedstock for U.S. bio-diesel fuel
CBOT oat futures ended higher, climbing in step with advances in grain futures. December oats settled 15 1/4 cents or 4.5% higher at $3.52 3/4.
Wheat prices rose with corn and soybean prices as the US dollar fell. Market participants are keeping an eye on dryness that is slowing planting in the central and southern Plains. The slow start to sowing is "enough to keep the drum banging" on worries about production prospects for next year after drought devastated Russia's most recent crop, one trader said.
U.S. soybean futures climbed, rallying in step with advances in broader markets on the positive influence of a weaker U.S. dollar, sharp gains in precious metals and crude oil futures. Chicago Board of Trade November soybeans, the most-active contract ended 17 3/4 cents or 1.7% higher at $10.71 3/4.
Soy product futures ended higher across the board, propelled by broad based speculative buying in commodity markets. Soyoil was buoyed by a bounce in crude oil futures, analysts said. Soyoil is closely linked to energy prices as soyoil is the primary feedstock for U.S. bio-diesel fuel
CBOT oat futures ended higher, climbing in step with advances in grain futures. December oats settled 15 1/4 cents or 4.5% higher at $3.52 3/4.
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