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Renewed Chinese demand supported brisk U.S. soybean exports, offsetting pressure from an expected record Midwest harvest. Corn dipped as harvest advanced, while wheat edged higher amid Black Sea shipping disruptions.
The most-traded CBOT soybean contract rose 0.18% to $12.63-1/2 a bushel by 0510 GMT on Monday, supported by renewed Chinese purchases of U.S. soybeans. Rapid U.S. Midwest harvest progress capped gains.
(Rewrites throughout with US trading, adds quote, updates prices, adds byline, changes dateline from PARIS/BEIJING) USDA says 46% of US soybeans and 33% of corn were harvested as of Sunday China booked 8 to 10 US soybean cargoes on Monday, traders told Reuters Forecasters expect fieldwork to resume after midweek rains