CBOT soybeans are falling as Brazil's soybean production hits a new high!

Gold Ten Futures, December 3rd, according to foreign media reports, on Monday, CBOT soybean futures closed down, due to good weather in South American agricultural production areas, Brazilian soybean production is expected to hit a record high, the market is still worried about the incoming Trump administration and the largest soybean importer China's trade prospects. USDA's crushing monthly report shows that the amount of soybean crushing in October was 215.76 million bushels, which set a record for the same period, higher than the market expectations of 210.90 million bushels. But the strong demand for soybeans did not change the downturn in the soybean future market, because of the favorable rains in South America, improving the outlook for local soybean production.