Soybean prices rise over one percent

Soybean futures rose over one percent in American trade as the dollar index fell according to their inverse relation, which follows earlier data from the U.S., the world's largest soybean producer and exporter. 

As of 08:24 GMT, soybean futures due on May 15 rose 1.14% to $971.75 a bushel from the opening of $961.50, with an intraday high at $972.50, and a low at $960.75, while the dollar index fell 0.88% to 99.10 from the opening of 99.98. 

Dry weather still dominates the U.S. at the start of the week, paving the way for farmers in the American Mid West to accelerate their crop activities before the next round of rains, while are expected later this week, while the weekly report for the commodity futures committee showed that investment funds raised their net short positions on soybean futures in the week ending April 18.