Soybeans up almost $4 in Chicago thanks to Chinese demand

The price of soybeans closed 1.2% ($3.67) on Tuesday at $312.51 a ton. The August contract rose 1.1% ($3.49) to $313.33 a ton. Corn also rose 0.3% ($0,.39) and closed operations at $127.65 a ton, accompanied by a rise in oil values that could boost demand for yellow grains within the ethanol-producing sector in the United States. Wheat fell 1.4% ($2.66) to $186-66 a ton, as speculative funds took profits and improved weather for U.S. and Black Sea crops.

Source: Ámbito