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Amanda Brill at Total Farm Marketing said, “Soybean futures are mixed to start the day with losses in the front months despite big gains in soybean oil. May soybeans are down 4-1/4 cents to $11.66-1/4 while November is up 1/4 cent to $11.29. May soybean meal is down $6.90 to $313.60 and soybean oil is up 1.68 cents to 63.53 cents as it follows the sharp move higher in crude oil.” Austin Schroeder at Barchart.com said, “AgRural estimates the Brazilian soybean crop at 39% harvested, which is still shy of the 50% from the same period last year. They also trimmed their projection for the country’s bean output by 3 mmt to 178 mmt.”





