Soybeans Fall Most in 4 Weeks on Supply; Corn Declines
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Soybeans fell the most in four weeks on speculation that improving weather for crops in Brazil and Argentina will reduce demand for supplies from the U.S. Corn also declined.
Rains will boost depleted soil moisture and bolster planting in parts in central and eastern Brazil, World Weather Inc. said in a note. Soybean planting in the country was 28 completed on Oct. 26, up from the prior five-year average of 24 percent, consultant Safras e Mercado said in a report. Drier weather in the next two weeks will firm muddy soils for farm machinery and quicken planting in Argentina, World Weather said.