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Soyabean surge on CBOT sows hopes of higher oilseed crop in India March 10, 2021 Prices on CBOT near 7-year high Soyabean prices surged to a near seven-year high of $14.44 a bushel (₹3,875 a quintal) on the Chicago Board of Trade on Monday on excess rains in Brazil and dry weather in Argentina. The rise in soyabean prices due to the problems in the South American nations which make up nearly 50 per cent of global production raises hopes of higher acreage under oilseeds during the ensuing Kharif season that begins in June. According to Trading Economics website, soyabean has increased 9.55 per cent since the beginning of this year with six per cent of the gains coming in the past month. ....