CHICAGO: Chicago Board of Trade soyabean futures advanced on Wednesday on improving demand from China, the world's top importer of the oilseed, analysts said. CBOT July soyabeans were up 2-1/4 cents at $8.65-1/2 per bushel at the close.
CBOT July soyameal ended up $1.70 at $288.80 per short ton, while July soyaoil fell 0.23 cent to 28.00 cents per pound.
China has made a string of purchases of US soyabeans recently. Traders reported the latest on Tuesday, when they said Chinese state-owned Sinograin bought at least 120,000 tonnes of US soyabeans for shipment in December.
Traders adjusted positions ahead of the release on Thursday of monthly supply and demand data from the US Department of Agriculture.