CBOT soybeans rebound again on weather concerns
Xinhua,February 28, 2018 Adjust font size:
CHICAGO, Feb. 27 (Xinhua) -- Chicago Board of Trade (CBOT) futures were trading higher on Tuesday morning with deepening drought in Argentina pushing up soybean prices again.
As of 1550 GMT, May corn was up 3 cents at 3.775 U.S. dollars per bushel while May wheat was up 5 cents at 4.7775 dollars and May soybeans up 6.25 cents at 10.5225 dollars per bushel.
Profit-taking during the previous session had briefly reversed the upturn of soybeans due to deepening drought in Argentina, where February rainfalls are set to be the lowest in almost four decades.
On Tuesday morning, soybean futures were higher over concerns on South American crop yields due to the weather trouble. Enditem