Soybeans Climb as Slump to One-Month Low Lures Buyers, Investors
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Soybeans rebounded from the lowest in a month amid speculation this week’s price slump will attract importers, while crop conditions in Brazil may decline on the return of dry weather in northern growing areas.
“It’s a sea of green” with the overnight grains higher on bargain-hunting, Dave Norris, an independent grain broker in Harrogate, England, wrote in a market comment today.