Markets

CBOT soybeans close lower as weather outlook improves

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Soymeal and soyoil futures also dropped.

The benchmark CBOT November soybean futures contract failed to hold technical support above its 10-day moving average.

Analysts were expecting a weekly US Agriculture Department's report to show that good to excellent ratings for the soybean crop fell 1 percentage point to 60 percent in the latest week.

 

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