date:Oct 16, 2012
day. That trend appeared to continue Monday.
For soybeans, the selling pressure came largely from improved expectations for soy crops in the U.S. and South America. Anecdotal yield reports from U.S. farmers harvesting crops in recent weeks have been better than analysts once feared, and the U.S. Department of Agriculture last week raised its forecast for domestic production this year by more than analysts had expected.
Rain in Brazil over the weekend eased worries about dryness as farmers ther