U.S. soybean futures rose on Monday, rebounding from a sharp drop on Friday, on fresh export deals with China and rising concerns that rains in the U.S. Midwest could lower crop quality just ahead of harvest, traders said.
According to a report at Reuters, the adverse weather also supported corn futures while wheat futures were mixed.
“The week ahead continues to put rain where it is needed the least, and away from the areas that need it the most,” Charlie Sernatinger, global head of grain futures at ED&F Man Capital, said in a note to clients.
