CBOT soybeans gain on higher crude oil prices, weakened dollar
CHICAGO, Dec 22 (Reuters) - Chicago Board of Trade soybean futures turned higher on Monday under support from rising crude oil prices, a weaker dollar and broad buying across agricultural commodities.
The prospect of another bumper soy harvest in Brazil this season has hung over the soybean market, even as traders remained skeptical about the pace of Chinese purchases of U.S. beans under a bilateral trade truce.
However, buying interest across agricultural commodities, which is typical ahead of the year's end, added support to soybean futures despite bearish fundamentals.
Brazil's 2025/26 soybean production is expected to reach 180.4 million metric tons, agribusiness consultancy AgRural said on Monday, raising its forecast as harvesting gets under way.
CBOT January soybeans SF26 settled 4 cents higher at $10.53-1/4 per bushel.
CBOT March SMH26 soymeal futures settled 80 cents higher at $301.90 per short ton.
Most-active March soyoil BOH26 ended 0.64 cent higher at 49.08 cents per pound.
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