Soybeans Decline as China Demand May Weaken; Corn, Wheat Fall
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Soybeans, corn and wheat fell in Chicago, erasing gains, on speculation that Chinese demand will slow as the government adopts price controls.
China said last week it may implement controls on necessary items including those used to make food to curb inflation that reached a two-year high in October. Food costs jumped 10.1 percent that month, according to statistics bureau data. China also may sell from government stockpiles to slow rising prices, farm adviser Agritel said in a report.