By Dave McCombs
July 3 (Bloomberg) -- Soybeans rose to a record for a third day on speculation that the worst Midwest flooding in 15 years will limit gains in U.S. production and inventories.
Soybean futures for November delivery rose 6.75 cents, or 0.4 percent, to $16.3675 a bushel in after-hours trading on the Chicago Board of Trade. The price jumped 15 percent in June and 31 percent in the second quarter, the most since the three months through June 1988.
To contact the reporter for this story: Dave McCombs in Tokyo at dmccombs@bloomberg.net.
Thursday, July 3, 2008
Soybeans Extend Gain to Record as Midwest Floods Cut U.S. Acres
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