Soybeans highest in 4 years

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    SYDNEY – Chicago Board of Trade soybean futures rose 1 percent on Wednesday to hit their highest in more than four years after the US Department of Agriculture said the end-of-season stockpiles will fall to their smallest in seven years.

    The forecasts, issued in a monthly crop report, reflected a decline in US harvest expectations and strong exports to China and other countries.

    Corn rose 0.8 percent on strong Chinese demand, while wheat also edged higher.

    The most-active soybean futures on the Chicago Board of Trade were up 1.1 percent at $11.58-3/4 a bushel, near the session high of $11.60-1/2 a bushel – the highest since July 2016.