- Advertisement -
SINGAPORE- Chicago soybean futures gained more ground on Thursday and the market was trading its highest since mid-January as concerns over lower supplies from South America underpinned prices.
The wheat market rose as traders focused on dry and cold weather in key growing areas of the Midwest and southern Plains.
The most-active soybean contract on the Chicago Board of Trade (CBOT) was up 0.1 percent at $13.92-1/2 a bushel. Wheat rose 0.5 percent to $8.00-1/2 a bushel, while corn was unmoved at $6.10-1/2 a bushel.
- Advertisement -
China’s soybean imports in December from the United States almost doubled compared with the previous month, customs data showed on Thursday, as more cargoes arrived after earlier delays due to Hurricane Ida. — Reuters
