61. Grain futures prices retreated Monday on the Chicago Board of Trade, continuing a downward slide caused by expectations for record crops amid excellent growing weather. 62. Increasing prospects for a record South American crop weighed on the soybean market. 63. January soybeans also fell on predictions for record crops in Brazil and reports for more good weather in key South American growing regions. 64. On improved production prospects, the report said Brazil was likely to harvest a record crop this season. 65. Soybean futures fell Wednesday on the Chicago Board of Trade amid predictions for record crops in South America. 66. Soybean futures skyrocketed Friday on the Chicago Board of Trade, regaining some of the recent losses prompted by predictions for record crops in South America. 67. Soybean prices were off amid reports of prospects for a record South American crop and news that the weather there remains favorable. 68. That has led to predictions of record crops at a time of weak world demand because of the Asian economic crisis. 69. The committee, which represents the tea industry in the main exporting and importing countries, said India, Sri Lanka and Kenya all produced record crops last year. 70. The gain was limited by talk about a potential record crop in South America, which would start to limit U.S. exports in the spring. |