Upswing in equity markets lifts Grain futures on Wednesday

Upswing in equity markets lifts Grain futures on WednesdayTaking a cue from Tuesday's upswing in equity markets, Grain futures rose on the Chicago Board of Trade on Wednesday.

Corn was up 2 1/4 to up 2 3/4, soybeans were up 8 1/4 to up 10, wheat up 9 1/4 to up 11 and oats were off 3 to off 5.

With warm temperatures expected in the Corn Belt, corn prices eased back from an early surge.

Wheat futures increased the spread against corn with Saudi Arabia in the market for 990,000 metric tons.

It has also been reported that soybean prices rallied with China in the market and Egypt purchasing 20,000 metric tons of soy meal and 6,000 metric tons of sunflower oil.

On Wednesday, the dollar index rose by 0.21 percent. (With inputs from Agencies)