OTCPK:PTAUF - Post by User
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bigtime333on May 02, 2010 8:37pm
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Soybeans, Corn Rise For a Fourth Day on Increased
Soybeans, Corn Rise For a Fourth Day on IncreasedMay 3 (Bloomberg) -- Soybeans and corn rose for a fourth day on speculation that China’s plans to buy U.S. supplies may encourage purchases by overseas and domestic customers.
Soybeans for July delivery gained as much as 0.4 percent to $10.0275 a bushel on the Chicago Board of Trade and traded at $10.02 at 7:40 a.m. Singapore time. July delivery corn rose as much as 0.3 percent to $3.765 a bushel.
Twenty-three of 34 traders and analysts surveyed from Chicago to Tokyo on April 30 said soybeans would gain this week, while 24 predicted corn would climb.