1. Brazil is on track to produce a record soybean crop this year, after December rains nourished crops, the U.S. Department of Agriculture said. 2. A record soybean crop expected from Brazil, now being harvested, could make supplies more ample, traders said. 3. A record soybean crop in Brazil will offset strong demand from China and record use of soybeans in the U.S., USDA figures showed. 4. A spate of storms in October and November improved planting conditions for the oilseed, relieving a two-year drought and raising prospects for a record soybean harvest. 5. Favorable weather could lead to a record soybean crop and the second-highest corn crop ever, traders said. 6. Prices also rose on a National Oilseed Processors Association report of another record soybean crush rate. 7. Ranchers produced more animals in expectation of lower feed costs as the U.S. harvested a record soybean crop and the third-largest corn crop. 8. Soybean futures were mostly lower, pressured by weakness in soybean oil futures and prospects for Brazil to harvest a record large soybean crop this spring. 9. The higher-than-average soybean pod counts increase the likeliness that farmers will harvest a record soybean crop. 10. The increase in imports comes on the heels of a record Brazilian soybean crop. |
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