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Soybean, cattle futures higher Friday

Soybeans were higher on commercial and technical buying. Beans were a little oversold and due for a bounce, with help from higher moves in soybean meal and oil. That bounce in bean oil came despite another decline in crude oil and the extremely bearish week for palm oil futures. Vegetable oil prices have been hit hard by concerns about demand from China linked to Beijing’s zero-COVID policy and, more generally, the uncertainties about the global economy.

Soybean, cattle futures higher Friday

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