Soybeans, Wheat Extend Gains for Second Day as Crop Prices Climb

Soybeans increase as much as 0.8% to $14.52/bu, trade at $14.4775 * Soybeans gained 0.4% on Jan. 25 * Wheat adds 0.3% after 1% advance on Jan. 25 * Corn increases 0.4% * NOTE: U.S. exporters sold 572,545 metric tons of wheat in the week ended Jan. 17, up 6.8 percent from a week earlier and the most in five weeks, the U.S. Department of Agriculture said. Sales of soybean oil doubled from a week earlier, and soybean- meal rose 76 percent from a year earlier.

To contact the reporter on this story: James Poole in Singapore at jpoole4@bloomberg.net

To contact the editor responsible for this story: James Poole at jpoole4@bloomberg.net

Press spacebar to pause and continue. Press esc to stop.

Bloomberg reserves the right to remove comments but is under no obligation to do so, or to explain individual moderation decisions.

Please enable JavaScript to view the comments powered by Disqus.