CBOT soybeans slump on weaker Brazilian real, US harvest supplies
Bullish strength: 20/100
Bearish strength: 80/100
- Soybean futures fell more than 2% at one point during Monday's session.
- The Brazilian real weakened around 12%, potentially making Brazilian soybeans more competitive against US exports.
- Record US harvest supplies entering the market added pressure to soybean prices.
- November CBOT soybeans closed 15.25 cents lower at $12.41-1/4 per bushel.
This is automated NewsSignals analysis of third-party reporting, not independent original reporting or investment advice. AI scores are not price predictions.