CBOT soybeans up on news of Brazilian drought
CHICAGO, Sept 17 (Reuters) -Chicago Board of Trade soybean futures ticked up as traders monitor heat and dryness in Brazil that could pose a threat to soybean seeding in the world's top soybean exporter.
CBOT November soybeans SX24 settled up 1-1/2 cents to $10.06 per bushel.
CBOT December soymeal SMZ24 ended down $2.30 at $322.10 per short ton, and December soyoil BOZ24 rose 0.77 cent to close at 39.88 cents per pound.
Brazil's government forecast a soybean crop that would be 12.8% higher than last year, though drought could threaten soy seeding and kept a bottom on soy prices.
The USDA late on Monday said the U.S. soybean harvest was 6% complete, ahead of the five-year average of 3%. The government rated 64% of the soybean crop as good to excellent, down 1 percentage point from last week and in line with trade expectations. US/SOY
Reporting by Heather Schlitz; editing by Jonathan Oatis
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