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Soybeans Post Longest Slump Since 1973 On Rising World Supplies
date:Jul 14, 2014
. Traders expected 84.69 million, on average.

Prices for the oilseed used in animal feed and biofuel slumped 17 percent in the past 12 months. Rising supplies are helping to keep global food inflation in check, with the United Nations reporting a third monthly drop in prices in June. Bigger crops also increases the chances of lower costs for buyers including Tyson Foods Inc.

This is a bearish supply freight-train hitting the market, Dale Durchholz, the senior market analyst for AgriVisor LLC i

07/16 03:24