Exports: Corn sales slip again
The international reaction to the GMO wheat news weighed on soybean futures Thursday. General domestic shortage sparked fresh buying of old crop soybeans in early Friday trading. New crop futures also advanced, which seemed to reflect fresh worries about the pace of new crop plantings. July soybean futures surged 14.25 cents to $15.10/bushel early Friday morning, while July soyoil bounced 0.14 cents to 48.72 cents/pound, and July soybean meal climbed $5.4 to $446.2/ton.
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