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Morning Soybean Analysis (5/11)

soybean analysis
soybean analysis
(Commodity Update)

July soybeans overnight poked above Tuesday’s high after rising 7 cents to $15.92 1/4 but couldn’t find sustained buying at that level. November futures led overnight night gains, rising as high as $14.68 1/4 after climbing 8 cents yesterday. Continued weakness in soymeal, which is near a four-month low, could limit buying in soybeans.

 

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