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US Futures Review: Soybeans end lower as USDA increases US supply projections

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Soybean futures ended lower Friday after USDA’s May WASDE report pointed to a bearish supply environment extending into the 2019/20 marketing year. Soybean meal futures settled lower, while soybean oil futures saw modest gains. July soybeans were 3 1/2 cent lower at USD8.09 1/4.

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