CBOT: Soy, corn soar on Brazil, US shortfalls; wheat down on weak exports

In Chicago, soybean oil futures reached a 33-year-high of 44.20 cents per pound, after Brazilian production figures came in at the bottom end of expectations.

Corn was up to $3.89 per bushel on expectations that the US Department of Agriculture would lower its harvest estimates, and strong export demand.

Wheat fell 3 percent to $7.62, based on weak exports. The weak export demand calls into question the whaet-based price hikes and complaints of a global shortage.

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