Agri­cul­tural fu­tures

The Star Early Edition - - MARKETS -

SOYA bean fu­tures for March de­liv­ery climbed 0.6 per­cent to close at $10.46 a bushel (R5 178 a ton) on the Chicago Board of Trade on Fri­day, ahead of yes­ter­day’s pub­lic hol­day in the US.

Soya beans had touched $10.52 a bushel, the high­est for the con­tract since De­cem­ber 12.

The price gained 5.2 per­cent last week, the most since Novem­ber 25.

“The Ar­gentina crop is go­ing down­hill and the US crop last year was smaller than ex­pected,” Mark Schultz, the chief an­a­lyst at North­star Com­mod­ity In­vest­ment in Min­neapo­lis, said in an in­ter­view. – Bloomberg

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