CBOT futures higher amid unfavorable weather conditions

CHICAGO, Jan. 30 (Xinhua) -- Chicago Board of Trade (CBOT) grains continued to post gains on Tuesday as weather woes and weak dollar pushed up the futures.

The most active corn contract for March delivery rose 2.75 cents, or 0.77 percent, to settle at 3.615 dollars per bushel. March wheat delivery went up 8 cents, or 1.78 percent, to close at 4.5725 dollars per bushel. March soybeans were up 8.75 cents, or 0.88 percent, to settle at 10.0025 dollars per bushel.

The poor winter wheat condition in U.S. plains has pushed the wheat prices higher in the fifth consecutive session.

According to the U.S. Department of Agriculture (USDA), only 14 percent of the crop conditions in Kansas, the U.S. biggest winter wheat grower, was rated good or excellent. About 10 percent was rated very poor, with 34 percent being rated poor and 42 percent fair.

The monthly crop reports reflected the damage that cold and dry weather has inflicted on U.S. plains wheat in January.

Corn and soybean futures also advanced on short-covering and poor weather conditions in Argentina and Brazil. The soybeans have climbed above 10 U.S. dollars per bushel level.

The weak U.S. dollar is another positive factor for commodity markets, said Joe Vaclavik of Standard Grain.

"The weather is the biggest issue, but the weak dollar certainly helps," he added. Enditem