SINGAPORE: Chicago soybean futures jumped around 1% yesterday, climbing to their highest in 6½ years on strong Chinese demand and as a labour strike in Argentina has curbed supplies.
SINGAPORE, Dec 28 (Reuters) - Chicago soybean futures jumped around 1% on Monday, climbing to their highest in 6-1/2 years on strong Chinese demand and as a labour strike in Argentina has curbed supplies.Corn rose to its highest since July last year, rising for an 11th straight day, while wheat slid for a second session.FUNDAMENTALS The most-active soybean contract on the Chicago Board Of Trade (CBOT) rose 1.1% to $12.78-1/4 a bushel by 0139 GMT, after climbing earlier in the session to its highest since June 2014 at $12.80-1/2 a bushel.
12/28/2020 Argentine soybean crush strike curbs supplies Wheat drifts down from pre-Christmas highs
(Recasts with European trade, adds comment, changes dateline)
By Michael Hogan
HAMBURG, Dec 28 (Reuters) - Chicago soybean futures rose on
Monday, touching their highest in 6-1/2 years on concern about
the impact of dry weather on South American crops and as a
strike in Argentina curbed export shipments.
Wheat fell for a second session after hitting 2-month highs
just before the Christmas break.
Chicago Board of Trade most-active soybeans were up
0.3% at $12.68-1/4 a bushel at 1143 GMT. Earlier on Monday
soybeans hit their highest since June 2014 at $12.80-1/2 a