Expanding Soybean Glut Sends Prices to Lowest Since October

April 9, 2015 5:57 PM

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Soybean prices fell to a five-month low after the U.S. government said world supplies will be bigger than estimated in March.

The outlook for global inventories was increased for second straight month, data from the U.S. Department of Agriculture showed Thursday. Record crops in Argentina and Brazil, the world’s top growers after the U.S., are adding to supply woes as Midwest farmers are set to plant the most acres with th...

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