189 days ago • Posted by Charles-Henry Monchau

Soybean prices hit 4-year high as China demand ticks up

Chicago soybean futures rose to a four-year high on Thursday morning, as dry weather in South America and increasing demand from China supported prices. "China is actively buying beans and we are seeing additional demand emerge from Brazil," a Singapore-based commodity trader said, who was quoted by Reuters. The trader continued: "The weather is not perfect for Brazil and the crop is likely to get delayed due to the dry weather." November soybean contracts trading on the Chicago Board of Trade were up more than 1% Thursday morning, trading around $10.95 per bushel, climbing to the highest level since July 2016 - source: www.zerohedge.com 

November CBoT Soybean Futures