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Limited business headed into long holiday weekend

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Soybeans headed into the long holiday weekend up 4 1/2 cents after trading lower most of the week.  That’s largely been influenced by the return of a wetter forecast to parts of South America.  The disruption of exports into Mexico was also pressuring prices.  Sales and shipments of soybeans are running behind year-ago levels as U.S. beans continue to compete with Brazilian soybeans from earlier this year.  Traders are looking ahead to Brazil’s CONAB estimates, which come out early in January 2024.

Limited business headed into long holiday weekend