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@ EconomicTimes

Soybeans close to 10 months low as economic worries intensify

Chicago's soybean futures dropped closely 1.5% with the market on track for its highest weekly reduction since July 2018 as mounting concerns about the coronavirus outbreak's economic impact pulled down global markets. Corn suffered its biggest weekly fall in over six months. Wheat was primed for loss for the third week. In a note, ANZ said terror spread through global markets, with resources steadily under pressure as policymakers struggle to avoid the pandemic. This week, the market has gone soft by 5%.

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