Soybeans Post Longest Slump Since 1973 on Rising World Supplies

Soybean futures capped the longest slump in 41 years after a government reported showed supplies will climb in the U.S., the world’s biggest grower. Corn fell to a four-year low.

Stockpiles of soybeans on Aug. 31, 2015, before next year’s harvest, will total 415 million bushels, the U.S. Department of Agriculture said today. That’s up from 325 million (8.84 million metric tons) forecast in June. World inventories will be a record 85.31 million tons, compared with 82.88 million predicted last month. Traders expected 84.69 million, on average.