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Soybeans Fall as Argentine Strike Talks Progress

Soybeans ease from 6 1/2-year high

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Chicago soybeans fell on Tuesday, pulling further away from a 6 1/2-year high hit in the last session, as expectations of progress in Argentina’s port labor talks weighed on the market.

“Soybeans have had a strong run-up in prices but there have been some recent rains in Brazil and Argentina, adding pressure on prices,” one Singapore-based trader told Reuters.

“The market is watching the situation in Argentina as several shipments have been delayed.”

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