31. Soybeans slipped amid expectations that strong demand could soon fade as a record crop from South America reaches the world market, undercutting U.S. prices. 32. Soybeans slid amid persistent concern that Brazil will harvest a record crop and undercut U.S. prices to gain a bigger share of the world market. 33. Soybean futures slipped after the government said a record South American crop will reduce demand for U.S. supplies in coming months, though stockpiles will remain tight. 34. Soybeans held steady as robust demand for U.S. oilseeds offset forecasts for a record crop. 35. Soybeans plunged after the government reported unexpectedly large spring plantings, all but ensuring a record crop and ample supplies. 36. Soaring Brazilian exports to Florida, where the USDA expects a record crop, helped drive prices to a seven-week low yesterday. 37. Still, export and domestic demand is robust and there is concern that the demand could draw dawn the record crop. 38. Still, moderate temperatures could reduce stress to the expected record crop from a lack of moisture. 39. Soybean consumption is easier to estimate, analysts said, because record demand is being met by a record crop. 40. Soybean futures dropped after the government left unchanged its forecast for U.S. reserves, signaling the record U.S. crop will leave ample supplies for processors and livestock producers. |