Corn, Soybeans Jump Most This Year as Dollar Drops; Wheat Gains

By Steve Stroth

Feb. 8 (Bloomberg) -- Corn and soybean prices rose the most this year and wheat gained as a drop in the dollar boosted the appeal of commodities as an alternative investment.

Corn futures for March delivery rose 7.75 cents, or 2.2 percent, to $3.5925 a bushel at 9:44 a.m. on the Chicago Board of Trade. A close at that price would be the biggest gain since Dec. 11. Soybean futures for March delivery gained 20.25 cents, or 2.2 percent, to $9.3375 a bushel, which would be the biggest gain since Dec. 28. Wheat futures for March delivery rallied 13.25 cents, or 2.8 percent, to $4.865 a bushel.