Soybeans Gained Amid Planting Delays in Argentina and Brazil

Note: This section contains information in English only.
Source: Bloomberg
© Scanpix/Reuters
Soybeans gained in Chicago amid bad weather conditions in South America postponed soybean planting in Brazil and Argentina, the world largest exporters, increasing demand for U.S. supply. According to the U.S. Department of Agriculture, soybeans delivery to China in 2012-2013 marketing year is estimated at 290,000 metric tons. January-delivery soybeans rose 0.6% to $14.555, following yesterday's gain to $14.5675, the highest in 3 weeks. Brazil planted 74% of the crop from 81% in 2011, while in Argentina only 37% were planted against 47% last year.
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