date:Jan 31, 2013
n in Brazil is also raising hopes that foreign buyers of soybeans will turn instead to the U.S. for purchases.
For technical traders, soybeans became more attractive after March futures overnight surpassed $14.60 3/4 a bushel, their intraday high from earlier in the month.
March soybeans on Wednesday settled just below their 100-day moving average of $14.80 a bushel, another level of technical resistance.
Corn futures rose on the drier forecasts for Argentina and on the higher prices for soyb