Investing.com - U.S. soybean and corn futures extended strong gains from the previous session to hit the highest level in more than two months on Tuesday, as a slowdown in the U.S. harvest last week boosted prices.
On the Chicago Mercantile Exchange, US soybeans for January delivery rose to a daily high of $10.4075 a bushel, the most since August 25.
Prices of the oilseed last traded at $10.2975 a bushel during U.S. morning hours, up 17.15, or 1.69%.
A day earlier, soybeans surged 29.4 cents, or 3%, to end at $10.1260 a bushel.
The U.S. Department of Agriculture said on Monday that approximately 70% of the U.S. soy harvest was completed as of October 26, compared to 53% a week earlier and below the five-year average of 76% for this time of year.
Meanwhile, US corn for December delivery traded at $3.6938 a bushel, up 6.38 cents, or 1.76%. Prices hit a session high of $3.7088 earlier, a level not seen since August 28.
Corn futures climbed 10.0 cents, or 2.83%, on Monday to settle at $3.6300 a bushel.
According to the USDA, nearly 46% of the U.S. corn harvest was completed as of last week, up from 31% in the preceding week and below the five-year average of 65% for this time of year.
Elsewhere on the CBOT, US wheat for December delivery advanced 5.78 cents, or 1.11%, to trade at $5.2838 a bushel.
Prices of the grain tacked on 5.0 cents, or 0.97%, on Monday to close at $5.2260 a bushel.
Wheat prices were boosted amid concerns over the health of the harvest in major growers Russia and Australia.
Corn is the biggest U.S. crop, followed by soybeans, government figures show. Wheat was fourth, behind hay.