Soybeans, Grains Rise as U.S., European Economic Concerns Ease
This article is for subscribers only.
Soybeans rose the most in three weeks and grains advanced on optimism that the U.S. will avoid the so-called fiscal cliff as Europe took steps to resolve a Greek rescue, bolstering prospects for commodity demand.
President Barack Obama said yesterday he’s “confident” about reaching an budget agreement with lawmakers to avoid $607 billion in automatic tax increases and spending cuts. European finance officials met in Paris today to try to forge a common position to aid Greece.