SYDNEY, Aug 17 (Reuters) - U.S. corn futures rose as much as 1% on Monday as concerns of widespread damage after a storm across a major U.S. growing region pushed prices to a more than one-month high.
FUNDAMENTALS
* The most active corn futures on the Chicago Board Of Trade were up 0.9% at $3.41 a bushel, near the session high of $3.41-1/2 a bushel - the highest since July 13. Corn closed down 0.2% in the previous session.
* The most active soybean futures were up 0.6% at $9.04-1/4 a bushel, near the session high of $9.05-1/2 a bushel - the highest since July 9. Soybeans closed down 0.1% on Friday.
* The most active wheat futures were up 0.7% at $5.03-1/4 a bushel, having closed up 0.7% on Friday.
* A storm - with hurricane-like winds - hit the Midwest grain belt on Monday, affecting as much as 14 million acres in Iowa, up from earlier estimates of 10 million acres, the Iowa Soybean Association posted on Facebook on Friday.
MARKET NEWS
* The U.S. dollar began Monday where it left off last week, caught between pressure from worries about the lagging U.S. economic recovery and support from rising U.S. bond yields and safe-harbour demand.
* Oil prices edged up in early Asian trade on Monday as China is set to ship large volumes of U.S. crude in August and September although concerns of a slowdown in demand recovery and higher supplies weighed.
* Asian shares dozed near recent highs in quiet trade on Monday as investors waited to see if the recent sell-off in longer-dated U.S. Treasuries would extend, and maybe take some pressure off the beleaguered dollar.
(Reporting by Colin Packham; Editing by Shailesh Kuber)
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GRAINS-Corn jumps 1% to hit 1-month high on U.S. storm damage - Successful Farming
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