Soybeans Rise to 10-Month High After Record Crush in U.S.
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Soybeans extended their climb to the highest level in more than 10 months after a report showed record demand from U.S. mills, boosting concern that supplies from the world’s second-biggest exporter would be reduced.
Soybeans for July delivery rose as much as 0.8 percent to $15.2025 a bushel on the Chicago Board of Trade, the highest price for a most-active contract since June 6. Futures were at $15.155 by 6:53 a.m. local time, rising for a fourth day and taking this year’s increase to 17 percent.