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Soybeans Post Longest Slump Since 1973 On Rising World Supplies
date:Jul 14, 2014
n Bloomington, Illinois, said in a telephone interview. Rapidly rising U.S. and global inventories are coming, he said.

Soybean futures for November delivery fell 1.6 percent to close at $10.75 a bushel at 1:15 p.m. on the Chicago Board of Trade. Prices declined for a 10th consecutive session, the longest streak since July 1973.

Farmers will harvest 3.8 billion bushels this year, compared with 3.635 billion estimated in June and last years crop of 3.289 billion, the USDA said. Analysts surveye

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