Commodities Buzz: US Soybean futures hit three and half month high

The US Soybean futures moved near $11.60 per bushel, close to their highest level in three and half months as strong demand from China and concerns over output in South America boosted the commodity. In Brazil, the south region, particularly Rio Grande do Sul, has seen below-average rainfall which could weigh yield potential for Soybean crops, in Argentina too, Crop in a critical window as dryness deepens. There are expectations that ⁠China will buy more US soybeans after it returns from the Lunar New Year break. The commodity is up around 9% this month

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