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CHICAGO: Chicago Board of Trade soyabean futures closed higher on Friday, rallying from earlier declines as worries about stressful weather threatening US crop prospects overshadowed pressure from a larger-than-expected soya production estimate from the US Department of Agriculture, traders said.
CBOT September soyabeans settled up 14-3/4 cents at $15.35 per bushel and most-active November ended up 5-3/4 cents at $14.54-1/4, bouncing after a dip to $14.15-1/4.
Firm domestic cash markets for soyabeans and soyameal lent support, lifting nearby futures contracts more than back months.