VFF - Corn soybeans extend multiyear highs as China adds to buying spree

Grain markets surged to fresh multiyear highs ahead of the weekend, as traders prepared for possible additional rallies driven by tightening inventories and the USDA's next crop report due on Wednesday.The most-active CBOT corn contract (C_1:COM) closed +1.9% to $7.32-1/4 per bushel, its highest settlement since March 2013 and capping an 8.8% gain for the week, as U.S. rainfall this weekend may fail to quench the driest crop areas.The most-active contract for soybeans (S_1:COM) settled +1.3% to $15.89-3/4 per bushel, touching its highest level since October 2012 and rising 3.6% for the week.Wheat (W_1:COM) closed +1.1% to $7.61-3/4 per bushel, trading near eight-year highs reached last week.ETFs: [[CORN]], [[SOYB]], [[WEAT]]Among potentially relevant stock tickers: [[ADM]], [[BG]], [[MOS]], [[CF]], [[ANDE]], [[SEED]], [[VFF]], [[CVGW]], [[ICL]], [[UAN]], [[AVD]], [[BIOX]], [[IPI]], [[FPI]], [[LNN]], [[FMC]], [[LXU]], [[SEB]], [[CAT]], [[DE]], [[AGCO]]The rally in grains that began last year as China accelerated imports of U.S. farm products looks

For further details see:

Corn, soybeans extend multiyear highs as China adds to buying spree