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Soybeans Rebound on Chinese Buying

Soybean, corn markets underpinned by expectations of higher purchases by feed industry

Container ship New Orleans

Chicago soybean futures rebounded on Thursday as Chinese cargo purchases supported the market, although concerns over worsening relations between Beijing and Washington kept a lid on prices.

Reuters reports that wheat rose on frost concerns in the Midwest while corn rose as higher oil prices boosted hopes for ethanol demand.

The soybean and corn markets were also underpinned by expectations of higher purchases by the feed industry as U.S. meat demand jumps.

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