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CBOT soybean futures fell 1% on February 3 on expectations of a huge Brazilian crop, with Brazil the world's top soybean exporter. Soft red winter wheat and corn also ended lower amid abundant global supplies and profit-taking.
Wheat faced additional pressure from a benign weather outlook.
Larger Brazilian soybean supplies increase export competition and add to a well-supplied world market, which pressures soybean, corn and wheat prices. Weak weather risk removes a source of support.
agcanada.comAGCanadaFeb 3, 2017Not enough comparable past events yet for a historical read.
Not 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.
