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Chicago soybeans supported by China demand; corn near multi-month low
BEIJING: Chicago soybeans edged higher on Monday, supported by renewed Chinese purchases of US soybeans, although rapid harvest progress in the US Midwest continued to cap gains. The most-traded soybean contract on the Chicago Board of Trade (CBOT) rose 0.18% to $12.63-1/2 a bushel by 0510 GMT. China’s return to the US soybean market has lent support to prices. On Friday, the US Department of Agriculture confirmed private sales totalling 558,000 metric tons of soybeans to China, bringing total confirmed sales to 1.358 million tons over the past three days. A recent spell of dry weather across ...
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