Investing.com - U.S. soybean futures rallied to the highest level in more than two months on Wednesday, amid indications of robust demand for U.S. supplies.
On the Chicago Mercantile Exchange, US soybeans for January delivery rose by as much as 2.03% to touch a daily high of $10.8613 a bushel, the most since September 5.
Prices were last at $10.7838 during U.S. morning hours, up 13.78 cents, or 1.29%.
A day earlier, soybean futures surged 38.2 cents, or 3.73%, to settle at $10.6400 a bushel, as high demand for soybean products, such as soymeal boosted prices.
Meanwhile, US corn for December delivery tacked on 3.27 cents, or 0.88%, to trade at $3.7688 a bushel.
On Tuesday, corn prices rose 4.4 cents, or 1.22%, to close at $3.7360 a bushel, drawing support from a cold spell in the U.S. Midwest.
Elsewhere on the CBOT, US wheat for December delivery traded at $5.3063 a bushel, up 5.62 cents, or 1.07%.
Prices of the grain rose 8.0 cents, or 1.55%, on Tuesday to end at $5.2520 a bushel.
Corn is the biggest U.S. crop, followed by soybeans, government figures show. Wheat was fourth, behind hay.