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Soyoil faced pressure once again, while soymeal futures posted solid gains.
The March through November contracts finished 10 1/2 to 12 cents higher in reaction to USDA’s report data. U
Soybean futures were pressured ahead of USDA’s January crop reports and finished lower for the week. Get more weekly highlights...
On the other hand, the department cut its U.S. bean crop estimate more than expected.
Live cattle futures settled sharply lower to limit down today. As a result, the daily trading limit expands to $4.50 for Monday.
Soybean futures strengthened, with weather concerns in Argentina providing enough support to encourage funds to cover some of the short positions.