The price of soybeans on the Chicago Grain Exchange recorded an increase of 5.25 cents in the January/17 contract on Thursday (15.12), reaching US$ 10.29 per bushel. The March/17 contract rose 4.75 cents per dollar, while the May/17 contract rose 4.00 cents per dollar.
After a lukewarm session, which went into the negative, the North American soybean market resumed its gains in the main futures prices. The main supporting factor was, once again, the heated global demand. New Chinese purchases were announced and a weekly export bulletin was above market expectations.
Source: Agrolink
