Financial Times FT.com

Soyabeans lead strong advance

By Chris Flood

Published: November 19 2009 10:43 | Last updated: November 19 2009 23:20

Soyabeans and freight costs were two rare points of strength for commodity markets on Thursday which surrendered some of their recent gains.

In Chicago, soyabean prices rose after the US government reported weekly sales of 1.35m tonnes to China, well above trade estimates. CBOT January soyabeans rose 18 per cent to $10.45 a bushel, outperforming corn and wheat.

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