CHICAGO, Sept. 19 (Xinhua) -- U.S. agricultural futures closed higher as the U.S. central bank indicated that U.S. interest rates will stay near zero percent for the next three years.
Chicago-based research company AgResource noted that soybean has become bullish in the past four weeks as Chinese demand and lower U.S. yield prospects under adverse weather combine to dramatically tighten U.S. soybean end stocks. China was forecast to import 28 million metric tons of U.S. soybeans, but that estimate appears low if China maintains its purchase pace of booking 1.5 million metric tons a week.