US corn futures climbed nearly 1 percent on Monday, erasing an early decline on concerns that rainy weather will further delay Midwest crop seeding at a time when supplies are the tightest in 15 years. Soyabeans and wheat followed corn higher, overcoming pressure from a strong US dollar, which rose to a two-month high against the euro.
USDA said on Monday that about 35.8 million bushels of corn were inspected for export last week, near the high end of trade expectations. CBOT corn for July delivery rose 0.5 percent to $7.63 a bushel as of 11:44 am CDT (1644 GMT), gaining for the seventh time in the past eight sessions and adding to last week's more-than-11-percent rally that was the strongest since October. July soyabeans rose 0.2 percent to $13.83-1/2 a bushel and July wheat climbed 0.3 percent to $8.08-3/4.