US soyabean futures soared 4 percent to a six-month high on Friday, the biggest one-day rise in five months, as government acreage data showed farmers will plant less of the crop than expected by traders and analysts. Corn futures leaped the daily 40 cents per bushel trading limit in old-crop months, rising over 6 percent, the biggest one-day jump in over five months.
Wheat soared nearly 8 percent, the biggest one-day rally in over five-months after the USDA report pegged this year's wheat area at below expectations, especially for the top-quality, high-protein spring wheat grown in the US Northern Plains.
At 11:29 am CDT (1629 GMT), CBOT soyabeans for May delivery were up 55 cents at $14.10-1/2, May delivery corn was up 38 cents at $6.42, July was up 37-1/4 cents at $6.41, new-crop December corn was up 14-3/4 cents at $5.39, CBOT May soft red winter wheat was up 46-1/2 cents at $6.59 and Minneapolis Grain Exchange May spring wheat was up 45-1/2 at $8.34-1/4.