Soybeans Gain Most in Five Weeks on Demand Signs; Corn Advances
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Soybeans rose the most in five weeks on signs that demand is increasing for supplies from the U.S., the world’s biggest grower and exporter. Corn also gained.
Soybean exports from the start of the marketing year on Sept. 1 through Oct. 11 totaled 4.7 million metric tons, up 57 percent from the same period a year earlier, U.S. Department of Agriculture data show. Exporters sold 523,382 tons in the week through Oct. 11, up 4.5 percent from the prior seven days, according to the USDA.