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“Soybeans are reacting to news of U.S./China talks,” Total Farm Marketing said. “Dalian soybean, soymeal, and soyoil futures were higher, while palm oil moved lower on seasonal production increases and softer exports. The trade expects the 2024/25 U.S. soybean carryout near 369 mln bushels vs USDA’s 374, and 2025/26 at 362 mln. For 2024/25, U.S. exports will be key. The expected 2025 U.S. soybean crop is projected at 4.338 bln bushels, slightly below last year’s 4.366 bln.”
