Soybean commentary: Futures hit 4-year low on South American weather, pressure from products

Soybean futures plummeted on the Chicago Mercantile Exchange for the third consecutive session on Wednesday December 18, hitting a four-year low, pressured by a sharp decline in soybean oil and meal prices, along with favorable weather for crop development in South America and the prospect of a bumper crop continuing to bring soybean futures lower.