Soybean Futures Fall on Signs of Slower Demand; Wheat Advances
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Soybeans fell from a five-month high on signs of slowing demand from U.S. and overseas consumers. Corn and wheat rose.
U.S. soybean processing fell 5.1 percent to 156.943 million bushels last month from December, the National Processors Association said yesterday in data released by Thompson Reuters Corp. The amount of oilseed inspected for export in the week ended Feb. 13 slid 6.1 percent from a week earlier. Through yesterday, prices climbed 4.3 percent this year as drought threatened crops in Brazil, the world’s biggest exporter.