Soybeans Climb Most in Week on Rising Demand for Exports
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Soybeans rose the most in more than a week on signs of increasing demand for U.S. supplies. Corn fell, and wheat was little changed.
Soybeans inspected for export rose 64 percent to 167,953 metric tons in the week ended May 15 compared with a year earlier, the U.S. Department of Agriculture said today. Shipments since Sept. 1 have climbed 22 percent, while sales of soybean meal since Oct. 1 rose 4.8 percent above last year’s pace, USDA data show.