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Chicago soybean futures fell to a two-month low after Brazilian President Lula's election victory
Chicago soybean futures fell to a two-month low after Brazilian President Lula's election victory, sparking expectations of closer ties between Brazil and China, which could erode the U.S. share in the world's largest soybean import market. Lula's emphasis on pragmatic engagement with China could further solidify Brazil's position as China's top soybean supplier.
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