SINGAPORE- Chicago soybean futures kicked off 2021 on a bullish tone, climbing to their highest since June 2014 on Monday as tightening South American supplies and strong Chinese demand underpinned prices.
Corn gained more ground to touch its highest in 6-1/2 years, while wheat rose.
The Chicago Board of Trade mostactive soybean contract climbed to its highest since June 2014 at $13.47 a bushel. The market was trading up 2.4 percent at $13.42-1/4 a bushel.
Corn added 2 percent to $4.93-1/2 a bushel and wheat Wv1 gained 1.3 percent at $6.48-3/4 a bushel.
Wheat finished 2020 in the black for the fourth straight year after touching a six-year high on Thursday and ending mostly firm.
Corn ended up 24.8 percent for the year and soybean prices climbed 37.2 percent from a year ago. Wheat added 14.6 percent.