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Soybeans Rebound from Near 10-Month Low

Economic concerns over coronavirus likely to cap gains

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Chicago soybeans ticked higher on Monday, supported by bargain buying after prices earlier dropped to their lowest since May on concerns about the economic impact of the fast-spreading coronavirus.

According to a report at Successful Farming, wheat slid, falling for three out four sessions, while corn rose.

"There is not much upside in prices of soybeans and wheat," said one Singapore-based trader. "Brazil has a big soybean crop while the wheat crop is developing across the northern hemisphere."

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