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Soybeans gain on forecast for dry spell in Brazil

By Steve Rothwell
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NEW YORK (AP) — Soybeans edged higher on concern that dry weather conditions in Brazil will harm this year’s crop.

Soybeans for January delivery gained 6 cents, or 0.4 percent, to $14.2475 a bushel on Monday. The futures contract climbed as high as $14.35 during the day. Soybean prices are recovering, after slipping from their highest level in more than a decade in the summer.

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