Soybeans rise due to China purchase

PARIS/SINGAPORE, May 24 (Reuters): Chicago soybeans rose for a fifth consecutive session on Thursday to a near three-week high amid signs that top importer China was set to resume purchases of U.S. supplies in an easing of trade tensions between Washington and Beijing.

Corn reached a 10-month peak on concerns about planting in parts of the U.S.

Midwest, while wheat was up for a third session as dry conditions in the U.S.

Plains and other major growing belts around the world raised harvest risks.

The Chicago Board Of Trade most-active soybean contract was up 0.9 per cent at $10.49 a bushel at 1134 GMT, after earlier touching its highest since May 4 at $10.50-3/4.

CBOT corn rose 0.8 per cent to $4.11-3/4 a bushel, after earlier reaching its highest since July at $4.12-1/4.

CBOT wheat added 2.0 per cent to $5.41-1/2 a bushel.

The unfolding U.S.-China trade discussions along with adverse weather in several major exporting countries have brought volatility to grain markets in recent weeks, shifting attention away from large global stockpiles.