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Market Impact: 0.35
Soybeans Hit 2-Month Low as Lula’s Win Lifts China Trade Outlook
Source: Bloomberg
Commodities & Raw MaterialsCommodity FuturesTrade Policy & Supply ChainEmerging MarketsElections & Domestic Politics
Chicago soybean futures fell to a two-month low after Lula won Brazil’s presidential election. Expectations of closer Brazil-China ties raised concern that the US could lose share in the world’s largest soybean import market.
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