
Brazilian soybean prices were steady to lower on Thursday amid limited domestic buying and slower exports. Sharper losses in Chicago pressured local prices, partly offset by the U.S. dollar; expectations for a record U.S. harvest also weighed on futures, which closed at a two-and-a-half-month low.
A large U.S. crop outlook and weak trading activity add pressure to soybean prices, while slower exports may leave more supply available in Brazil’s domestic market. Currency support partly cushioned the decline in local prices.
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