July 16, 2012 / 2:48 AM / 5 years ago

US new-crop corn jumps 4 pct as drought curbs yields

SINGAPORE, July 16 (Reuters) - Chicago new-crop corn jumped
4 percent on Monday to a contract high while November soybeans
climbed almost 2.2 percent as forecasts of more stressful
weather in the U.S. grain belt buoyed the markets. September
wheat was up 2.4 percent.
    China's Dalian soybean futures rose more than 3
percent and corn added 2.4 percent, mirroring gains in
the U.S. market.
     
  Prices at  0237 GMT
  Contract        Last    Change  Pct chg  Two-day chg MA 30   RSI 
  CBOT wheat     868.00    20.25  +2.39%    +2.39%     744.16   83
  CBOT corn      769.25    29.00  +3.92%    +3.92%     636.90   73
  CBOT soy      1587.00    34.50  +2.22%    +2.22%    1438.39   70
  CBOT rice      $15.36    $0.08  +0.49%    +2.43%     $14.75   69
  WTI crude      $86.72   -$0.38  -0.44%    +0.74%     $83.53   60
  Currencies                                                
  Euro/dlr       $1.224  -$0.002  -0.18%    -0.10%
  USD/AUD         1.022   -0.003  -0.31%    -0.08%
  Most active contracts
  Wheat, corn and soy US cents/bushel. Rice: USD per hundredweight
  RSI 14, exponential
 
 (Reporting by Naveen Thukral; Editing by Himani Sarkar)

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