SOY: Price Has Longest Slump in Three Weeks on Brazil Crop Gain
(Bloomberg) -- Soybean futures for May delivery decline
0.6% to close at $10.37 1/4 a bushel on Chicago Board of Trade
after touching $10.36 3/4, lowest for contract since Feb. 6.
* Price falls for third straight session, longest slump since
Jan. 30
* CROP TOUR: Mato Grosso’s Yields, Output Seen at Record
* NOTE: Brazil’s harvest 25% complete as of Feb. 17, up from
five-year average of 17, Safras says
* NOTE: Most Argentina Corn, Soy Crops Benefit From Rain
* “Harvest is progressing, and the crop potential in Brazil
is stellar,” Greg Grow, director of agribusiness at Archer
Financial Services in Chicago, says in telephone interview
* “We should expect to see a slowdown in U.S. exports”
* In week ended Feb. 16, inspections for export fell 30% from
a year earlier, USDA says Tuesday in report
* Soybean-meal futures for May delivery fall 0.6% to $341.90
for 2,000 pounds, capping first three-day drop since Jan. 3
* Soybean-oil futures for May delivery drop 0.6% to 32.95c/lb
after touching 32.77c, lowest for contract since Sept. 15
* May price drops for record eighth straight session
* EARLIER: Palm Oil Drops to Three-Month Low on Rising Edible
Oil Supply
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