SPECULATORS have held bullish views toward Chicago soybeans for the last three-and-a-half years, though the optimism has soured this month as an enormous Brazilian bean crop has been satisfying global needs since early this year.
That has allowed Chicago Board of Trade (CBOT) soy futures to decline over the last few weeks because despite a shrinking US harvest, export demand for US beans has been unusually poor so far this month.
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