U.S., EU grains rebound as investors buy

PARIS/SINGAPORE (Reuters) - U.S. corn futures bounced back on Thursday, rising more than 2 percent, as investors took advantage of a sharp decline in prices. "It looks like a technical rebound, it has fallen so much that prices are now attractive," said Atul Chaturvedi, president of Adani Exports Ltd, a leading Indian commodities exporter. "There is bound to be some profit-taking coming into the market at this price level." Chicago Board of Trade Corn for September delivery rose as much as 1.36 percent at $5.79-1/4 by 1000 GMT after rising to $5.84 in earlier electronic trade. Corn dropped nearly 4 percent and rose more than 2 percent before settling 0.35 percent lower on Wednesday as the market was split between bearish crop weather and bargain hunting. Corn futures on the Chicago Board of Trade have lost nearly 25 percent... [read full story]