CHICAGO- US soybean futures rose about 2 percent on Friday, led by soaring soymeal futures tied to technical buying, brisk demand for the high-protein feed ingredient and logistical hurdles, traders said.
Corn and wheat futures followed the higher trend, supported by tightening global grain supplies and fund-driven buying, and US wheat futures hit their highest in nearly nine years.
Chicago Board of Trade January soybean futures SF2 settled up 22-3/4 cents, or 1.9 percent, at $12.44-1/4 per bushel, with December soymeal up $17.60, or 5.1 percent, at $362.10 per short ton.
CBOT December corn ended up 7-3/4 cents at $5.77-1/4 a bushel. December wheat finished up 4-1/2 cents at $8.17 a bushel after reaching $8.26-3/4, the highest on a continuous chart of the most-active contract since December 2012.
