Soybean contracts are settling at their lowest price in nearly four years after a government report bolstered expectations for ample supplies.
In a report Friday, the U.S. Department of Agriculture estimates that this season's soybean harvest could reach a record 3.8 billion bushels. That's 165 million bushels higher than its estimate last month.
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Soybeans sank 18 cents, or 1.6 percent, to $10.75 a bushel. That's the lowest settlement price for soybeans since October 2010, according to the data provider FactSet.
The USDA's report also projected big harvests and stockpiles of corn and wheat.
Corn slipped 8 cents, or 2 percent, to $3.85 a bushel, while wheat lost 23 cents, or 4.1 percent, to $5.26 a bushel.
In precious-metals trading, gold and silver fell as worries over Europe's banking system eased.