CBOT Soybeans Fall to Seven-Week Low on Harvest Pressure
Soybean futures fell on Thursday as U.S. harvest progress and forecasts for dry weather in the coming week weighed on prices. A slower-than-expected domestic processing pace last month also pressured the market.
Chicago Board of Trade soybean futures dropped to their lowest level in seven weeks on Thursday, pressured by harvest activity and forecasts calling for dry conditions next week. The decline also came as domestic soybean processing grew more slowly than expected last month.