Soybeans near 2014 high; wheat steady


    SINGAPORE- Chicago soybean futures rose on Tuesday for a fourth consecutive session as a widely watched US report is expected to reduce forecast for world supplies amid adverse South American weather.

    Wheat was little changed after Monday’s fall on improved US weather, while corn slid after two straight sessions of gains.

    “The USDA (US Department of Agriculture) report is likely to be bullish for soybeans,” said one Singapore-based grains trader. “Harvest-time rains in Brazil have not only hit supplies but also the quality of beans.” – Reuters