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Soybeans Extend Rebound as China Demand Worries Ease

Soybeans up for fourth day in recovery from two-month low

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Chicago soybean futures were higher for a fourth consecutive session on Thursday, tracking a continuing recovery in commodity markets as jitters over an impact on Chinese demand from a fast-spreading coronavirus subsided, reports Successful Farming.

Uncertainty over the consequences of the disease outbreak capped soybean gains, however, and helped push Chicago corn and wheat slightly lower.

Grain markets were awaiting weekly export sales figures from the U.S. Department of Agriculture (USDA) later on Thursday for an update on overseas demand.

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