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Soybeans rebound on bargain buying, US harvest limits upside
SINGAPORE: Prices of Chicago soybeans rose for the first time in three sessions on Wednesday, supported by bargain buying and an estimate of lower output in Brazil, although gains were capped by pressure from the ongoing US harvest. Wheat prices rose as supply disruptions from the Black Sea region continued to provide a floor under the market. “Markets are a bit oversold and buyers are seeing this as an opportunity,” said one trader in Singapore, referring to corn and soybean prices, which dropped to multi-month lows this week. The most-active soybean contract on the Chicago Board of Trade (CB...
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