Soyabeans futures climbed 1 percent early on Wednesday, bouncing on bargain-buying after this week's 6-1/2 year low, ahead of a US holiday. Corn also rose due to a slow pace of farmer sales to the cash market, but nearby Chicago wheat futures dipped after a steeper drop in the previous session.
Chicago Board of Trade January soyabeans rose 1.1 percent, or 9-1/4 cents, to $8.73 a bushel at 10:36 am CST (1636 GMT), after dropping to their lowest nearby price since March 2009 on Monday.
"We can't go down every day," said Jason Roose, commodity analyst at US Commodities, of soyabeans' bounce.
Roose said soyabeans' gains also reflected a seasonal rally in the oilseed, as buyers try to pry newly harvested supplies from farmers, and strong Chinese demand.
The US Department of Agriculture said private exporters sold 190,000 tonnes of US soyabeans to unknown destinations for 2015/16 delivery.
Soyabeans traded near a 6-1/2 year low as the market anticipates that Argentina's newly elected president will enact policies that could help boost exports, adding to volumes from bumper harvests around the world.
December corn rose 0.1 percent, or 1/4 cent, to $3.64-1/2 a bushel on firm cash markets.
Chicago December wheat dipped 0.6 percent, or 3 cents, at $4.81-1/4 a bushel after closing down 2 percent on Tuesday.
The US winter wheat crop condition was rated 53 percent good-to-excellent, up from 52 percent a week ago, the US Department of Agriculture said.
That was below a corresponding 58 percent rating a year ago but showed US wheat plants were benefiting from rainfall after suffering from dryness at the start of the growing season.
Egypt, one of the world's biggest wheat importers, said it would buy 240,000 tonnes of French, Russian and Romanian wheat. The country has awarded most tenders this year to Black Sea and European suppliers, showing how US wheat has remained uncompetitive.
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