CHICAGO: Chicago Board of Trade soyabean futures rebounded on Friday after three sessions of declines, lifted by robust export demand that has tightened supplies of the oilseed, analysts said.
CBOT January soyabean futures ended up 5-3/4 cents at $10.56-1/4 a bushel after earlier hitting the lowest price since Oct. 15. The contract ended down 2.3% for the week.
Soyameal and soyaoil futures also rose on Friday.
Largely unexpected deliveries against November futures weighed on the spot contract at times, along with rolling of long positions to deferred months, traders said.
The US Department of Agriculture (USDA) on Friday morning reported private sales of 121,500 tonnes of US soyabeans to unknown destinations.
Traders are monitoring dry weather in parts of Brazil which has slowed planting and could shift more export demand to the United States.-Reuters
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