Soybean Futures Advance to One-Week High on China Demand
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Soybean futures rose to the highest in more than a week as the U.S. government reported more sales to China, the world’s biggest buyer. Corn and wheat gained.
U.S. exporters sold 345,000 metric tons of soybeans to China for arrival in the 12 months starting Sept. 1, and 330,000 tons were sold to unknown destinations for delivery before Aug. 31, the Department of Agriculture said today. There were 174 vessels at Brazilian ports loading or waiting to get 10.3 million tons of the oilseed and soy-based animal feed today, according to SA Commodities.