CBOT soybeans advance on growing demand
CHICAGO, Aug 30 (Reuters) -Chicago Board of Trade soybeans Sv1 climbed on Friday on rising demand, including news of another soybean sale to China, with futures marking weekly gains that were the highest in 4 months.
CBOT most-active November soybeans SX24 settled up 7-1/2 cents at $10.00 per bushel.
CBOT most-active December soymeal SMZ24 settled up $2.1 at $313 per short ton.
CBOT most-active December soyoil BOZ24 decreased by 0.12 cent to finish at 42.01 cents per pound.
For the week, most active soybeans Sv1 rose 2.77% or 27 cents, its second weekly advance and its biggest gain since April.
Exporters sold 132,000 metric tons of U.S. soybeans to China and 100,000 metric tons of soymeal to Colombia, the U.S. Department of Agriculture said in a daily reporting system.
Soybean oil used to produce biofuels in the United States rose to 1,267 million lbs used in June, up from 1,076 million lbs in May, the EIA reported Friday.
Reporting by Renee Hickman; editing by Jonathan Oatis
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