US MIDDAY: soya soars

US soyabean futures rebounded on Friday as worries about drought-reduced crops in South America and early corn seeding in the US Midwest that may divert planted acres from soyabeans lifted prices 1 percent. Corn followed soyabeans higher, adding 0.6 percent in a short-covering bounce, although gains were capped by expectations for planted acres to increase this year to the most since 1944.
Chicago Board of Trade May soyabean futures rose 1.1 percent to $13.64-3/4 a bushel by 10:14 am CDT (1514 GMT), posting the strongest gains in 1-1/2 weeks. CBOT May corn added 0.6 percent at $6.48-1/2 per bushel, while CBOT May wheat put on 0.6 percent at $6.50 a bushel.