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Grain, soy climb on financial markets

Dow Jones Newswires 08/09/2011 @ 8:01am

US grain and soybean futures end the overnight trading session higher, managing to rebound from earlier losses on a recovery in external financial markets.
 
Grain futures found stability as ongoing crop concerns supported prices once stocks pared losses, analysts say. Outlooks for government forecasters to project tighter supplies in Thursday's crop reports added strength, yet traders continue to eye developments in external markets amid the uncertainty of the global economy.
 
CBOT December corn rose 1c to $6.87/bushel while September wheat gained 1 3/4c to $6.58 1/4 and November soybeans climbed 2 1/2c to $13.14. (andrew.johnsonjr@dowjones.com)

(END) Dow Jones Newswires

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