US soyabeans up

US soyabean futures ended higher on Wednesday, holding early gains as crude oil stayed firm and the US dollar weakened, which allowed soy to shrug off losses in corn, traders said. Soyabean prices retreated from early highs but retained some of their gains and closed 1.2 percent higher as worries subsided that stalled corn seeding would shift more US acreage to soybean cultivation.
CBOT May soyabeans rose 15-3/4 cents, or 1.2 percent, to $13.57-3/4 a bushel in the strongest advance in nearly two weeks. Cash traders said bids for corn and soyabeans shipped by barge to the US Gulf Coast were mostly steady to weaker early Wednesday, pressured by higher futures and lacklustre demand, traders said.