Exports: Corn sales jump 64% higher
Soybean prices closed higher on Wednesday as tight old crop supplies offering continued support. The soybean complex proved vulnerable to the general commodity drop suffered overnight as the U.S. dollar strength raises the cost of exported products to international customers, thereby implying diminished demand. July soybean futures declined 10.0 cents to $15.13/bushel as the sun rose over Chicago Thursday morning, with July soyoil sliding 0.49 cents to 48.86 cents/pound at the same time; July soymeal dipped just $1.9 to $451.7/ton.
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