date:Oct 30, 2012
U.S. soybean futures fell Monday, pressured by favorable weather for South American soy crops.
Chicago Board of Trade November soybeans settled down 34 cents, or 2.2%, at $15.27 1/4 a bushel, a more than one-week closing low.
Soybean futures fell as rain forecast for northern regions of Brazil boosted hopes that South America will produce the large soy crops needed to alleviate tight world supplies.
The rains will benefit newly planted crops and replenish moisture for plantings in areas that s