PARIS/BEIJING: Chicago corn and soybean futures climbed 3 percent on Monday as a heatwave in the United States and speculation about Chinese demand spurred buying after a US holiday weekend.
Wheat also gained ground, though a firmer dollar and prices in a Saudi tender viewed as aggressive underlined strong export competition.
The most-active corn contract on the Chicago Board of Trade corn was up 3 percent at USD4.54-3/4 a bushel by 1032 GMT.
CBOT soybeans also added 3 percent to USD11.82-1/4 a bushel, while CBOT wheat rose 1.8 percent to USD6.10-1/4 a bushel.
The US market was closed on Friday for the Independence Day holiday.
A heatwave gripped swathes of central and eastern United States over the weekend.
While Midwest corn and soybean belts escaped the worst of the heat and are also expected to get some rainfall, the high temperatures have stirred weather worries in the run-up to crucial summer growth periods for crops.—Reuters
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