Corn, beans end sharply higher Monday
Corn and soybeans rallied big-time Monday, rebounding after limit-down losses Friday.
At Monday's close, the December 2010 corn futures contract was 21 1/2 cents higher at $5.55 1/2 per bushel, while January soybeans were 17 1/2 higher at $12.86 1/2. December wheat was 3 1/2 cents higher at $6.72 3/4 per bushel.
The grains, especially soybeans, were buoyed by a lack of follow-through after China's announcement of an interest rate cut combined with affirmation that China and other foreign buyers will keep demand strong for U.S. grain.