Soybeans Advance in Light Trading as Weather Stays in Focus

Soybean futures edged higher in Chicago amid light post-holiday trading. Corn and wheat also eked out gains.

Soy traders are evaluating the outlook for next year, with a focus on weather in South America. In Brazil, the world’s top supplier, nearly ideal conditions mean farmers are expected to collect a bumper harvest. But in neighboring Argentina, the forecast continues to remain dry, with some of the nation’s crop coming under stress.