US grains rallied on Monday as the dollar eased, with corn jumping 2 percent from its 1-1/2 year lows on Friday as dry weather in the US Midwest grain belt threatened yields. Wheat futures rose for the first time in five sessions, but the euro zone's debt crisis and flagging economies in the United States and China, the world's largest importer of commodities, remained concerns for investors in risk assets.
Chicago Board of Trade July corn was up 11-1/4 cents at $5.62-3/4 per bushel, while July wheat climbed 10-1/2 cents, or 1.7 percent, to $6.22-3/4 as of 11:46 am CDT (1646 GMT). July soyabeans edged 4 cents lower at $13.40-1/2 per bushel after earlier bounding to a session high of $13.55-3/4 after the USDA reported that China purchased 165,000 tonnes of US soyabeans.
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