Wheat, corn and soybeans rise on buying interest after falls in United States

Chicago wheat, corn and soybean futures rose on Monday, supported by buying after price falls late last week, with expected record-large U.S. soybean crushings also helping. Chicago Board of Trade most-active wheat Wv1 was up 0.5% to $5.55-1/2 a bushel at 1234 GMT. Corn Cv1 was up 0.3% to $4.43-1/2 a bushel, soybeans Sv1 were up 0.2% to $9.91-1/2 a bushel. “Wheat, corn and soybeans are generally seeing some buying interest today after falls last Thursday and Friday,” said Matt Ammermann, StoneX commodity risk manager. “Soybeans are seeing support from expectations of record U.S. soybean crushings from the NOPA (National Oilseed Processors Association) report later on Monday.” “But rises are limited by concern about upcoming demand from China, while South American soybean crops, especially Brazilian and Argentine, look to be in fine condition.” A hefty purchase by Saudi Arabia of 804,000 metric tons of wheat in a tender on Monday was supportive, although U.S. wheat was not expected ...