Soybeans fall as expectations grow for Brazil crop

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Associated Press

Posted on March 12, 2013 at 4:01 PM

Soybean prices are falling as traders expect Brazil to produce a huge crop.

The actively traded May contract for soybeans fell 10.75 cents, or 0.7 percent, to $14.6875 a bushel. Traders are watching Brazil's crop come in and expect it to be very large, even as the possibility of port strikes in the country loom next week.

Grain prices rose. Corn for May delivery rose 3 cents, or 0.4 percent, to $7.1425 a bushel, and May wheat rose 3.5 cents, or 0.5 percent, to $7.035 a bushel.

Gold, silver and copper rose while platinum and palladium fell.

In energy trading, crude oil edged higher but other products fell.

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