US MIDDAY: corn and soya rise

19 May, 2010

Soyabean and corn futures rose early at the Chicago Board of Trade on Tuesday in a technical rebound following declines on Monday, traders said. Rising crude oil prices and spillover strength from gains in equities markets added support, traders said.
At 9:33 am CDT (1433 GMT), CBOT July corn was up 4 cents at $3.60 per bushel and CBOT July soyabeans were up the same at $9.45. July wheat off 1 cent at $4.68 per bushel. Choppy, turning lower on bearish fundamentals including ample global supplies and seasonal pressure as the US winter wheat harvest approaches.

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