Commodities
Crop Futures Poised for Strong Week as China, Weather Spur Rally
- Soybeans poised for biggest weekly gain in more than a year
- Tropical storm Helene to bring strong winds to Corn Belt
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Soybean futures headed for the biggest weekly gain in more than a year amid a broader grains rally driven by economic stimulus in top importer China and adverse weather in major growing regions.
The rally comes as China, the world’s biggest buyer of soy, unveiled a broad package of monetary stimulus measures. Meanwhile, tropical storm Helene, which slammed into Florida as a hurricane, will bring strong winds to parts of the Corn Belt, potentially delaying fieldwork.