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CBOT Review: Soybeans down with profit-taking

This article was originally published in The Public Ledger

SOYBEAN futures at the Chicago Board of Trade were sharply weaker on Thursday, with profit-taking on recent advances the feature. While the ongoing production concerns and likelihood of yield reductions remained supportive for soybeans overall, those concerns were largely thought to be priced into the market for the time being. With no fresh supportive news, traders were said to be booking profits ahead of the Labour Day long weekend.

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