CBOT soybeans drop to two-month low as Brazilian real slides, analysts say
Bullish strength: 18/100
Bearish strength: 82/100
- CBOT soybean futures fell more than 2% and reached their lowest level since August 25.
- The Brazilian real weakened around 12%, potentially making Brazilian soybeans more competitive against US exports.
- A large US harvest is bringing additional soybean supplies into the market.
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