Soyabeans rebound
 

Reuters

Singapore

Chicago soybeans rose 1.7 percent on Monday on expectations of strong Chinese demand and concerns about the U.S. weather underpinning the market which slid in the last session after Britain voted to leave the European Union.

Corn rose one percent on Monday after last week suffering its biggest weekly decline in three years, while wheat edged higher.

The Chicago Board of Trade most-active soybean contract gained 1.7 percent to $10.96-3/4 a bushel by 0310 GMT and corn added 1 percent to $3.88-1/4 a bushel.

Wheat was up 0.2 percent to $4.66 a bushel.

"Soybeans certainly have the tightest balance sheet when you look at corn, beans and wheat," Rabobank senior *****s analyst Graydon Chong said. "We see the weather driving that market and we have seen pretty strong Chinese demand.

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