Soybeans at 6-1/2-year top on expectations of tightening stocks

Chicago Board of Trade March soybeans settled up 19-1/2 cents at $13.74-3/4 per bushel after reaching $13.86, the highest price on a continuous chart of the most-active contract since June 2014.

CHICAGO: U.S. soybean futures resumed their rally on Friday after a light setback a day earlier, climbing to 6-1/2-year highs on signs of fresh export demand and expectations that key U.S. crop reports next week will indicate tightening global supplies.

Corn futures also rose, hovering near multi-year highs set this week above $5 a bushel. But wheat futures closed lower, retreating from a six-year top set on Tuesday.