Soybeans Gain on Increasing Demand for U.S. Exports

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Source: Bloomberg
© Scanpix/AFP
Soybeans remain gain in Chicago on growing demand for U.S. exports after two-week price decline and amid drought in Brazil and excessive humidity in Argentine. U.S. exports raised 6.8% to 64.1 million bushels last week in comparison to previous period. The contract for January delivery soybeans increased 0.8% and was settled at $14.19 a bushel. On Tuesday prices for soybeans reached five-month low ($13.9125) following gain to $17.89 in September.
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