Chicago Board of Trade corn and soyabeans were strong early Friday on spillover buying from the red-hot crude oil market, traders said. CBOT corn, soyabeans and soyaoil have been moving in tandem with crude oil, which hit several record tops this week.
Crude fell Thursday on profit-taking after hitting a new high above $135 a barrel but was firm again on Friday. July soyabeans were up 33 cents at $13.57-3/4 a bushel, July corn was 5 higher at $6.00-3/4 and July wheat was up 4 at $7.49 by 9:36 am CDT.
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