(Bloomberg) -- Soybean futures in Chicago rose,
extending a rally to a 35-month high, as the Brazilian real
strengthened, reducing incentives for farmers in that country to
plant more of the oilseed to make up for a smaller U.S. crop.
The real rose to a six-year high against the dollar today
and has gained 12 percent this year. That makes Brazil's soybeans
more expensive for foreign buyers and U.S. supplies more
attractive. Brazil is the second-biggest grower and exporter of
soybeans after the U.S.
Read more at Bloomberg Commodities News
extending a rally to a 35-month high, as the Brazilian real
strengthened, reducing incentives for farmers in that country to
plant more of the oilseed to make up for a smaller U.S. crop.
The real rose to a six-year high against the dollar today
and has gained 12 percent this year. That makes Brazil's soybeans
more expensive for foreign buyers and U.S. supplies more
attractive. Brazil is the second-biggest grower and exporter of
soybeans after the U.S.
Read more at Bloomberg Commodities News
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