US wheat rallied 2 percent on Thursday, posting its biggest daily gain so far this month and corn rose as well after a cold snap threatened to harm the American crops.
Corn advanced for the second day in a row as freezing temperatures harmed some of the early emerging corn crop. In addition, rain has been forecast through the weekend, which could delay corn plantings. Soyabeans rose more than 1 percent on brisk export demand including a fresh US sale to China, the world's biggest soya buyer, and on persistent references to declines in South American soya output this season due to drought.
At 11:01 am CDT (1601 GMT), CBOT May wheat was up 13 cents at $6.41 per bushel, May corn was up 4-3/4 cents at $6.40-3/4 and soyabeans for May delivery were up 19 cents at $14.41 a bushel.
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