CBOT soybeans jump to multi-year high after biofuels news
Chicago Board of Trade soybean futures hit their highest point in more than two-and-a-half years following a biofuels announcement viewed as bullish, plus continued Chinese purchases and hot, dry weather concerns.
Chicago Board of Trade soybean futures hit their highest point in more than two-and-a-half years on Tuesday on a biofuels announcement the previous day that was regarded as bullish for the oilseed, along with continued Chinese purchases of U.S. soybeans and concerns over hot, dry weather damaging t…