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.
Soybeans rise due to China purchase
FE Team | Published: May 24, 2018 21:55:57
Soybeans rise due to China purchase
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