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Expanding crush ability opens a lot more places for farmers to sell their beans when offering additional soybean meal and oil for the domestic market. This consequently increases local soybean prices when bringing down the prices of soybean oil and meal.
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Demand from customers very likely also supported prices in April: Regardless of mounting trade tensions, China’s imports from the U.S. rose twelve% 12 months on year in March.
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Then there’s the weather uncertainty, which can make or crack the harvest, It doesn't matter how promising spring planting appears to be like.
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