Soybeans Rise to 15-Month High as Freeze May Harm Chinese Crop
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Soybeans jumped to a 15-month as a cold snap threatens crops in China, the biggest consumer of the oilseed.
Freezing weather this week in northeastern China will reduce crop quality and output, after rains delayed planting, according to T-Storm Weather Inc. in Chicago. Last week, cold damaged oilseed plants in Canada. U.S. exporters reported sales of 225,000 tons of soybeans to China for delivery before Aug. 31, the U.S. Department of Agriculture said today.