Economic Calendar

Friday, October 23, 2009

Soybeans Climb to Two-Month High on Weather Risk to U.S. Crop

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By Luzi Ann Javier

Oct. 23 (Bloomberg) -- Soybeans gained to the highest level in more than two months, as freezing weather delayed harvests in the U.S., and on optimism higher oil prices will boost demand from biofuel producers.

January-delivery soybeans advanced 1.2 percent to $10.19 a bushel in Chicago at 9:22 a.m. Singapore time, the highest for the most-active contract since Aug. 14.

To contact the reporter on this story: Luzi Ann Javier in Singapore at ljavier@bloomberg.net




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