Soybeans Declined to Lowest in Five Months

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Source: Bloomberg
© Scanpix/Reuters
Price for soybeans declined to five-month low in Chicago on Tuesday, as the U.S. announced higher estimates for the world shortage of soybeans amid U.S. yields are higher than forecast in October. Ahead of next year's harvest stocks will be 2.5 million metric tons (4.3%) more than economists estimated last month. The contract for January delivery soybeans lost 1.8% and was settled at $14.255 a bushel.

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Tue, 13 Nov 2012 19:58:46 GMT

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