Soybeans Advance as Hot Weather May Hurt South American Crops

Businessweek (Dec. 16, 2011) | Soybeans gained for a second day on concern that dry weather in parts of South America may hurt crops, curbing global supply. Soybeans for March delivery climbed 0.5 percent to $11.265 a bushel on the Chicago Board of Trade at 2:13 p.m. Singapore time. Futures have gained 1.8 percent this week and are set for a 20 percent decline this year.