GRAINS-Soybeans fall as record-breaking Brazilian harvest looms
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Soybean futures on the Chicago Board of Trade fell 0.1% as expectations for a record Brazilian harvest overshadowed demand for biofuel. Wheat and corn futures also declined due to abundant supply, despite healthy demand for wheat. Brazil's soybean production is projected to rise 5% to a record 183.79 million metric tons. The U.S. share of China's soybean imports decreased, while strong demand from U.S. processors supported prices. Wheat fell 0.2% to $5.17, and corn dipped 0.2% to $4.23-3/4.
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