GRAIN HIGHLIGHTS: Top Stories of the Day
Soybean, Corn Futures Bounce
Soybean futures led gains in grain and oilseed markets, as harvest delays in the U.S. and tough weather in Brazil stoked buying interest.
Wet weather in the U.S., with rains spreading across the Midwest this week, is limiting fieldwork. That is slowing the flow of soybeans into the supply chain, said Brian Hoops, president of brokerage Midwest Market Solutions.
Soybean futures for November rose 1% to $9.68 1/4 a bushel at the Chicago Board of Trade.
CBOT December corn futures rose 0.4% to $3.49 1/2 a bushel.
FAO Food Price Index Up 1.4% in September
LONDON--World food prices rose in September due to more expensive vegetable oil and dairy prices, the United Nations' Food and Agriculture Organization said Thursday.
The FAO's food price index rose by 1.4% last month from August, up 4.3% on its September 2016 level.