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Market Impact: 0.28
Soybeans Falling on Friday as USDA Increases Production
Source: Nasdaq
Commodity FuturesCommodities & Raw MaterialsMarket Technicals & Flows
Soybean futures reversed Thursday's strength, falling 20-30 cents in midday Friday trading. The national average cash soybean price declined 29.75 cents to $12.44¾, while soymeal futures fell $3.20 and soybean oil lost 192 points. The broad retreat across the soy complex signals near-term bearish price pressure.
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