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Market Impact: 0.2
Soybean Bulls Pushing Back at Midday
Source: Nasdaq
Commodities & Raw MaterialsCommodity Futures
Front-month soybean futures rose 8-10 cents Monday, while the national average cash soybean price gained 8.5 cents to $12.46. Soymeal futures increased $3.50-$3.80, partly offset by soybean oil futures declining 45-55 points. The move is supportive for soybean pricing but is unlikely to have broad market impact.
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