Soybean futures rose on Tuesday, on strong demand for risky assets such as stocks, agricultural commodities and industrial metals, while investors eschewed precious metals.
This came despite the USDA report showing that US soybean exports fell in February.
The US has exported 5.32 tonnes of soybeans during January, rising on yearly basis, but exports fell by 19% from the average of this month between 2014 and 2018.
Around 40% of the US soybean exports were shipped to China during January.
Whilst, only 3.2 million tonnes were inspected for quality during February, which shows the impact of the coronavirus outbreak on farm goods, according to the USDA report.
Soybean May's futures rose 0.8% to $8.76 per bushel, after earlier hitting a day-high of $8.85 and a low of $8.74.