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Soybeans were lower on fund and technical selling, with nearby months down sharply Friday, adding to what were already big weekly losses. Contracts were up early but could not follow through due to slow export demand and crude oil selling off. Near-term planting weather is favorable in most of the Midwest and Plains. Brazil continues to hold most of the export market, but that could shift as their prices move higher with harvest essentially wrapped up.
Written by: Leah Jones