Soybeans Hit 2-Month Low as Lula’s Win Lifts China Trade Outlook

Chicago soybean futures fell to a two-month low following Brazil's presidential election. Lula's victory raised expectations of closer trade relations between Brazil and China. China is the world's largest soybean importer, and analysts cited the potential for increased Brazilian soybean exports to China as a factor in the price decline.

• Bloomberg — Soybeans Hit 2-Month Low as Lula’s Win Lifts China Trade Outlook

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