Soybeans Gain for Third Session amid too High Humidity in Brazil

Source: Bloomberg
Soybeans gain for the third time amid concerns too heavy rains will delay harvesting in Brazil, the world biggest supplier. March-delivery soybeans advanced 0.3% to $14.9325 in Chicago after falling 0.4%. Brazil is expected to produce an 82.7 million-ton harvest this year, while the U.S. Department of Agriculture forecast harvest of only 82.5 million metric tons of soybeans, the forecast will be updated on Friday.
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Tue, 05 Feb 2013 16:58:37 GMT

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