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Soybeans, corn see slight oversold bounce

Soybeans were modestly higher on commercial and technical buying. It was an up and down day, with support from oversold signals and bean meal, against pressure from soybean and crude oils. Bean meal was up and bean oil was down on product spread trade, with meal seeing extra support from oversold signals and oil picking up additional pressure from the lower moves in crude oil and palm oil. The broader market wasn’t fully bullish during the session, but it wasn’t fully bearish either.

Soybeans, corn see slight oversold bounce

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