US soyabeans rose 1.5 percent early on Friday, heading for their biggest daily gain in three weeks, as strong export demand from top soya buyer China and a weaker dollar helped prices rebound from sharp losses earlier this week. Corn and wheat futures were each sharply lower at the Chicago Board of Trade, on pace for steep weekly losses, pressured by beneficial growing weather in the United States and the lack of confirmation of an export sale to China.
CBOT May corn was down 8-1/2 cents at $6.12-1/2 per bushel, a loss of 1.4 percent after having risen more than 3 percent on Thursday. CBOT May wheat lost 7-1/2 cents to $6.17-1/4 per bushel, on track for its third straight weekly decline, pressured by recent rainfall in the soft red winter wheat belt in the eastern Midwest.
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