date:Jan 28, 2013
l at 2 p.m. on the Chicago Board of Trade. Earlier, prices slipped to $7.145, the lowest since Jan. 14, on speculation that rain may boost South America production, reducing overseas demand for U.S. supplies.
Soybeans fell for a second straight day on speculation that rain forecast during the next two weeks will increase yield potential for crops in Brazil and Argentina, the biggest exporters after the U.S.
As much as 2 inches (5.1 centimeters) of rain will boost crops over the next two days i