Wednesday, April 22, 2009

RTRS-GRAINS-US soybeans up on China buying. Argentine woes

CHICAGO, April 21 - U.S. soybean futures rose on Tuesday as China kept buying the oilseed and reports persisted of low yields in Argentina's harvest.
"There is momentum from continued Chinese buying and they keep lowering the Argentine crop," said Mario Balletto, analyst for Citigroup.