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Soybeans

Soybeans

The slow harvest in Brazil “coupled with rain in the forecast” is helping U.S. soybean numbers move higher in the overnight trade, CHS Hedging said. “Chinese soybeans were up 18 ½ cents overnight,” they said.

“Relative to domestic demand, U.S. stockpiles are forecast to be record-tight later this year, and according to the USDA, not even a record crop this summer can ease the situation much by mid-2022,” Total Farm Marketing said.

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