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Soybeans manage firm finish with corn mostly weak

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Soybeans were modestly higher on short covering and technical buying. That late rally was sparked by forecasts showing hot, dry weather into at least next week for parts of Argentina and a higher move in bean meal. Beans were down early on profit taking, concerns about China’s economy, and mostly favorable weather in Brazil after a poor start to the season in many areas. Private guesses for Brazil have generally declined as harvest has advanced.

Soybeans manage firm finish with corn mostly weak

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