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October 26, 2020 | Successful Farming
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Soybeans Flat After Hitting 4-Year Peak

Soybeans rise for sixth consecutive session on back of strong Chinese demand

Chicago soybeans climbed to their highest in more than four years on Monday, rising for a sixth consecutive session, on the back of strong Chinese demand and dryness in parts of top producer Brazil, reports Successful Farming.

Corn retreated from a 14-month peak hit on Friday while wheat eased after sharp gains in the previous session. 

"China has been buying a lot more soybeans and corn than previously," Phin Ziebell, agribusiness economist at National Australia Bank, says. "There are weather concerns for not just soybeans but across the grains complex." 

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