Soyabeans, corn and wheat futures on the Chicago Board of Trade were higher near midday, bolstered by the lower US dollar, which fell following China's decision to keep its interest rates unchanged, traders said. CBOT trends at 11:49 am CST (1749 GMT) on Monday.
December wheat up 5-1/2 cents at $7.41 a bushel; March up 4-3/4 at $7.80-1/4. Weak dollar boosting market in addition to ongoing concerns about harvest delays, crop conditions in Australia as well as dry weather in US Plains. The rally was capped by concerns over higher-than-expected US and world wheat stocks as seen in the latest USDA report released on Friday. December corn up 10 cents at $5.70-1/4 per bushel; March up 9 at $5.83-1/4. January soyabeans up 24-1/2 cents at $12.97-1/2 per bushel.
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