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“Soybean futures are facing pressure this morning as the market continues to search for support following recent weakness,” Total Farm Marketing said. “July soybeans are trading 9-1/2 cents lower at $11.09-1/4, while November futures are down 8-1/2 cents at $11.26-1/4… Soybean oil stocks held by NOPA members fell to a five-month low in May and came in below trade expectations. The tighter-than-expected soybean oil inventory level helped support nearby CBOT soybean oil futures.”
