Chicago soybean futures were largely unchanged on Friday but they were poised for their biggest weekly rise in nearly three months, underpinned by China making its most significant purchases of U.S. beans since at least June.
According to a report at Reuters, the most-active soybean contracts on the Chicago Board Of Trade are up more than 4.4% this week, set for their biggest weekly rally since June 14.
"Soybeans are getting a bit of a boost from Chinese buying," Phin Ziebell, agribusiness economist, National Australia Bank, told Reuters.
