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CBOT soybean futures ended lower on Tuesday after touching their highest level of the month, as traders weighed heat and dryness in northern and central Brazil. Wheat and corn futures advanced, and USDA reported a 198,000-ton U.S. soybean sale to unknown destinations.
Brazil is the world's top soybean supplier, so yield doubts there support prices, but analysts said the cuts so far are too small to shift demand toward U.S. beans. Lower energy prices also weighed on soybean and soyoil futures.
manitobacooperator.caGFM Network News, Reuters, Tom PolansekDec 12, 2023Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
