US grains joined a broad commodities rally on Monday, spurred by an improved manufacturing indicator in China, but pared gains toward the final hour of trade as fund buying waned, traders said. Soyabeans led the way up on the Chicago Board of Trade, up about 1 percent, with wheat also rising.
Lightly traded rough rice futures climbed the 50-cent limit on concerns about severe flooding in top exporter Thailand. As of 12:30 pm CDT (1730 GMT) at the Chicago Board of Trade, November soyabeans were up 12-1/4 cents, or 1 percent, at $12.24-1/2 per bushel. December corn was up 3-3/4 cents at $6.52-3/4 a bushel and December wheat was up 7 cents at $6.39 a bushel.
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