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Wednesday, July 26, 2017

Commodity Alert: CBOT soy up on short covering, crop damage worry


Soybean futures on CBOT were higher today as investors covered short positions after prices fell for three straight trading days. Expectations of a rise in USDA's weekly exports data, due Friday, also supported the positive sentiment. Worries that extreme weather conditions in the US had taken a huge toll on crops also kept prices up.



Source: Newswire











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