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Soybeans, wheat and corn boosted by weak dollar, fund buying
['Daphne Zhang']
Zawya.com - All Regional News
Chicago Board of Trade corn, wheat, and soybean futures gained on Thursday, as a weakening dollar made U.S. crops more affordable for importers using other currencies, and speculators bought into the rally.
The most-active corn contract on the Chicago Board of Trade (CBOT) was up 0.2% at $4.31 a bushel by 0509 GMT, while CBOT soybeans gained 0.2% to $10.77-1/2 a bushel and wheat was up 0.3% at $5.37-3/4 a bushel.
Corn reached a 2-1/2 week high on Wednesday, with wheat hitting an eight-week high and soybeans a seven-week high on the same day.
Commodity funds were significant net buyers of CBOT corn, wheat and soybean futures on Wednesday, traders said.
Agricultural consultancy Sovecon on Tuesday raised its 2025/26 Russian wheat export forecast by 1.1 million metric tons to 45.7 million tons.