CBOT Review: Soybeans drop on USDA reportThis article was originally published in The Public Ledger
SOYBEAN futures at the Chicago Board of Trade finished Thursday's session with significant losses. Larger than anticipated supply estimates from the USDA generated much of the downward price slide experienced by the commodity. The US soybean production forecast was raised from the December projection with US soybean inventory also up as a result. Market participants had been anticipating that US soybean production and supplies would have declined.