Markets

Soybeans dip after Chinese demand helps push prices to 11-week high

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CANBERRA: Chicago soybean futures dipped on Tuesday after large US bean sales to China and fears that a heat wave in top producer Brazil may be damaging crops pushed prices to their highest since August in the previous session.

China’s 2023 soybean imports seen at record 105mn metric tons on strong Q4 arrivals

Corn and wheat futures also fell.