By Doug Cameron
U.S. soybean futures climbed to a four-month high Friday as China-led export sales momentum drove prices higher for the sixth straight session.
Wheat and corn futures both ended lower as crude-oil prices retreated.
The January soybean contract registered another double-digit gain, ending 10-1/2 cents higher at $10.44-3/4, just 2 cents off its peak in a holiday-shortened session.
"Demand for beans, even if you think it will fall off the table, has been extraordinary so far this season, and the basic fund attitude has been 'buy beans, sell anything else against it,'" said Charlie Sernatinger at EDF Man Capital Markets Inc. in a client note.
In very quiet trading with little news flow, technical factors undermined corn futures as traders prepare to roll over to a new contract.
December corn ended down 1 3/4 cents at $3.49 a bushel, and Chicago soft red wheat lost 5 1/4 cents at $4.18 1/2, with the Kansas City contract shedding 5 1/2 cents at $4.28.
Write to Doug Cameron at firstname.lastname@example.org
(END) Dow Jones Newswires
November 25, 2016 13:57 ET (18:57 GMT)
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