CHICAGO- US soybean futures prices pushed higher, notching a fourth straight weekly gain, as dry weather in Argentina continued to fuel worries about global supplies of the oilseed.
Corn futures rebounded from a three-week low reached in the previous session, while wheat futures also edged higher.
Concerns increased over crops in Argentina, the world’s top soymeal exporter, as Commodity Weather Group said a rain deficit was seen “leading to severe yield loss” for 30 percent of the soy belt in the coming 10 days.
Weather firm Maxar said below-normal rains are forecast in Argentina over the next 15 days, stressing second-crop soybeans.
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