Soybeans Fall Most in Two Weeks as Demand Declines; Corn Drops
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Soybeans dropped the most in more than two weeks as demand for supplies from the U.S. declines and the harvest advances in Brazil, set to be the world’s largest grower this year. Corn also fell.
About 17.1 million bushels of soybeans were inspected for export in the week through March 7, down 58 percent from the prior seven days and the lowest since September, U.S. Department of Agriculture data show. In Brazil, 48 percent of the crop was harvested as of March 8, researcher Safras & Mercado said. The country may collect a record 83.5 million metric tons this year, according to the USDA.