CBoT Soybean Reaches 4-Months High on Dry, Hot U.S. Weather Threat

Mumbai (Commodities Control) – U.S. soybeans rose 1% on Monday as concerns about hot and dry weather in a key U.S. growing region pushed prices to a more than a four-month high.

The most active soybean futures on the Chicago Board Of Trade hit their highest since March 5 at $9.06-3/4 a bushel and were last up 1% at $9.06-1/4 a bushel. Soybeans fell 0.3% in the previous session.

For the week ended June 25, the agency reported export sales to China totalling 593,981 tonnes of new-crop soybeans.

(Commodities Control Bureau)