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Soybean price prospect up on WASDE yield cut

This article was originally published in The Public Ledger

The USDA has been bullish for soybean prices this month pegging its yield prospects down by 3.3% to 41.2 bushels per acre leading to a reduced US soybean crop estimate of 85.71 million tonnes (3.15 billion bushels) according to the latest World Agricultural Supply and Demand Estimates (WASDE) report released on Thursday.



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