August 21, 2012 / 2:21 AM / 5 years ago

U.S. Nov soybeans hit contract high on tight supply

SYDNEY, Aug 21 (Reuters) - U.S. new-crop soybeans hit a contract high on Tuesday on concerns over tight global supply due to crop damage caused by the worst drought across the U.S. Midwest in 56 years.

Chicago Board Of Trade November soybeans rose 0.67 percent to $16.94-3/4 a bushel by 0209 GMT, surpassing the previous record high set on July 21. (Reporting by Colin Packham; Editing by Ed Davies)

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