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Markets

CBOT soybeans turn higher, soymeal strong

Published Updated

soybeanCHICAGO: Soybean futures on the Chicago Board of Trade turned higher on Tuesday, rallying from early declines on concerns about the size of Brazil's soy crop, traders said.

Soymeal futures also advanced, posting the biggest percentage gains in the soy complex on chart-based buying.

As of 10:22 a.m. CST (1622 GMT), CBOT May soybeans were up 7-1/2 cents at $13.32-1/2 per bushel. May soymeal was up $4.20 at $362.40 per ton.

Copyright Reuters, 2012

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