Grain futures rally as Soybean futures reclaim 1300'0 level.

Grain futures rallied sharply across the board, led by new-crop November Soybean futures, which jumped 22 1/4 cents to settle at 1303'0 and reclaim the 1300'0 level for the first time since late September. Corn futures gained 10 3/4 cents to 508'0 as USDA Crop Progress data showed U.S. corn conditions falling below expectations to 54% Good to Excellent, while harvest progress lagged at 23% complete. December Chicago Wheat futures advanced 12 cents to 704'2, moving back above the 700'0 mark as winter wheat planting reached 36% complete.