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Soybeans rally, see weekly gain

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Soybeans were higher on commercial and technical buying, pulling the most active months to a weekly gain. It was an up and down day, with beans eventually able to sustain a bounce off the recent lows while continuing to watch conditions in South America. Export demand is slow, with Brazil controlling the market, despite questions about crop size. The USDA’s updated supply, demand, and production numbers are out March 8th, while CONAB’s new outlook for Brazil is set for March 12th.

Soybeans rally, see weekly gain