CBOT soybean futures rise

Traders said that soybean futures on the Chicago Board of Trade on Tuesday climbed to a six-and-a-half-year high as traders weighed the relationship between Argentina’s reserve ports and the new rainfall in South America.

The benchmark CBOT March soybean futures contract rose 2-1/2 cents to $12.50 per bushel, having previously hit a peak of $12.56-1/4 per bushel, which is the most active contract since June 27, 2014 The highest level in a row. The highest contract price is reached in all contract months.