Just in:  

You are here: Home»Top News»Pakistan Top News»Soybeans hit 12-day high on dry Argentine weather

a-soyabean-SYDNEY: US soybeans hit a 12-day high on Wednesday as the oilseed drew more support from concerns that dry weather in Argentina would cut the upcoming harvest.


Wheat edged higher after sliding more than 1 percent in the previous session, while corn also rebounded from losses.


Chicago Board of Trade March soybeans rose 0.46 percent to $14.77 a bushel by 0253 GMT, the highest level since February 8.


The rise followed a 3.2-percent gain in the previous session, the largest in a month.

"There was an expectation that there would be a good rain event last weekend and that didn't happen," said Victor Thianpiriya, agriculture Strategist at ANZ Singapore, adding that some dry areas in Argentina received only about a tenth of the rainfall expected.


"It looks like supplies are going be tight," he said.


March corn rose 0.3 percent to $6.97-1/4 a bushel, after sliding 0.5 percent on Tuesday.


March wheat rose 0.34 percent to $7.34-3/4 a bushel, having dropped 1.35 percent in the previous session.



Copyright Reuters, 2013


Index Closing Chg%
Arrow DJIA 16,790.19 0.08
Arrow Nasdaq 4,748.36 0.69
Arrow S&P 1,979.92 0.36
Arrow FTSE 6,326.16 0.43
Arrow DAX 9,902.83 0.90
Arrow CAC-40 4,660.64 0.95
Arrow Nikkei 18,186.10 1.00
Arrow H.Seng 21,831.62 0.10
Arrow Sensex 26,932.88 0.55

New 2015 adidas and Nike Soccer Cleats at Kicks Corner uk

Banking Review 2014

Foreign Debt $62.649bn
Per Cap Income $1,512
GDP Growth 4.24%
Average CPI 8.6%
Trade Balance $-1.988 bln
Exports $1.835 bln
Imports $3.823 bln
WeeklyOctober 05, 2015
Reserves $18.349 bln