Corn and soyabean futures rose in early trading at the Chicago Board of Trade on Monday as good overseas demand for US supplies supported prices, despite weather forecasts that boosted expectations for bumper crops this fall. Wheat futures fell as traders locked in profits following the market's recent rally to two-year highs. Traders noted light volume on Monday morning and said the futures market was trying to consolidate following recent volatility.
Chicago Board of Trade grain and soy complex trends at 9:43 am CDT (1443 GMT). September wheat down 5-3/4 cents at $6.96-3/4 per bushel. September corn up 2 cents at $4.13-3/4 a bushel. New-crop December. September soyabeans up 1-1/2 cents at $10.45, new-crop November unchanged at $10.44.
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