Soybeans Decline on Concern Demand to Slow; Corn, Wheat Advance
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Soybean futures fell for the first time in four days on speculation that dwindling U.S. supplies will curb processing activities and increase imports from South America. Corn and wheat rose.
Soybean processing by 12 companies in the National Oilseed Processors Association fell 2.5 percent in March from a year earlier, data showed this week. Combined soybean production in Brazil, Argentina, Paraguay, Uruguay and Bolivia will rise 28 percent this year to a record 148.8 million metric tons from a year earlier, data from the U.S. Department of Agriculture show.