Chicago Board of Trade (CBOT) soybean futures closed moderately higher on Wednesday over bargain buying and hot weather in Brazil.
CBOT futures suffered sharp falls in the previous session, but bargain hunting led to recovery for all the most active corn, wheat and soybean futures.
Meanwhile, adverse weather in Brazil pushed up the prices of soybeans and corn, as crops in many parts of the South American country are expected to face hot and dry conditions in the next two weeks.
CBOT wheat futures were firm, just like the European grain markets, said analysts.
At the end of the session, CBOT March soybeans were up 1.25 cents, or 0.14 percent to settle at 8.945 dollars per bushel. March corn was up 2.75 cents, or 0.74 percent to settle at 3.74 dollars per bushel. March wheat was up 1.5 cents, or 0.29 percent to close at 5.125 dollars per bushel.