Soybeans advanced on speculation that supplies available for domestic processors may shrink as exports sales increased last week. Exports reached rose as much as 28 percent from a week earlier to 273,439 metric tons in the week ended March 18th, the highest since February 4th. Processors are planning to cut their production because of shrinking supplies. May futures for soybean delivery advanced $0.02 (0.2 percent) to $9.62 per bushel as of 10:44 on CBoT.
Copper prices went up after the euro rebounded versus the dollar, boosting appeal of the metal as a hedge against inflation. The euro gained as much as 0.5 percent. Inventories of the
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