Soybeans, Soyoil Drop as Lack of China Stimulus Hits Commodities
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Futures for soybeans and soyoil slumped as a lack of fresh Chinese stimulus measures sparked selling across markets.
A hotly anticipated briefing by China’s top economic planner following the Golden Week holiday ended without new pledges to boost government spending. That sent a gauge of Chinese stocks tumbling in Hong Kong, with oil and other commodities also falling.