Chicago Board of Trade soyabean futures closed higher on Tuesday as easing trade tensions between the United States and China raised hopes for larger soya exports, traders said. A bumper soyabean harvest in Brazil and a faster-than-expected planting pace in the United States limited gains following Monday's more-than-two-percent rally. Chicago Board of Trade July soyabeans ended up 5-1/4 cents at $10.30-1/2 a bushel. The contract settled near its 100-day moving average after failing to breach chart resistance at its 50-day moving average.
Soyabeans were higher for a third straight session on relief over the fading threat of a US trade war with China, the world's biggest soya importer. The US Department of Agriculture said 56 percent of the US soyabean crop was planted as of Sunday, well ahead of average. Truck drivers blocked roads and ports across Brazil on Tuesday in a second straight day of protests against high diesel prices, threatening to slow delivery of grains and other goods to domestic and export markets.