Macro Finance
Soybeans Hit 2-Month Low as Lula’s Win Lifts China Trade Outlook
Bloomberg Markets·October 26, 2026·1 min read
Chicago soybean futures fell to a two-month low after Lula's presidential win in Brazil raised expectations of closer ties with China, potentially eroding the US share of the world's biggest soybean import market. The political shift in Brazil could redirect trade flows, pressuring US exporters.
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