US soyabeans rose for the second straight session early on Friday, and were poised for the largest two-day rally since May, due to worries over the size of the crop, a day after the government made a surprisingly large cut in its production forecast. Wheat futures climbed for the fifth straight day on the back of a weaker US dollar and higher equities, while corn was firm after opening lower.
By 12:22 pm CDT (1722 GMT), CBOT November soyabeans were up 8-3/4 cents to $13.40-1/2 per bushel while CBOT September corn rose 1-1/2 cents to $7.04. Corn was poised to rise 1.5 percent for the week and soyabeans about 0.3 percent. CBOT September wheat was 10-1/2 cents higher at $7.11-3/4 per bushel, a gain of 1.5 percent and wheat was poised for its largest weekly bounce in a month.
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