Soybean futures settle higher in American trade

Soybean futures futures tilted higher in American trade as the dollar index advanced according to their inverse relation, following earlier data from the U.S., the world's largest soybean futures. 

As of 08:55 GMT, soybean futures due on May 15 rose 0.44% to $960.50 a bushel from the opening of $956.25, with an intraday high at $964.50, and a low at $952.75, while the dollar index rose 0.31% to 99.81 from the opening of 99.50. 

Soybean futures are buoyed by some short-covering after hitting one-year lows recently, especially after the dollar weakened this week to a one-month as rains fell heavily in Southern America, causing delays in crops.