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Commodities

Soybean Futures Decline Amid Soyoil Price Drop

Guavy AI Editorial Team
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Oil
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Soybean futures at the Chicago Board of Trade declined on Wednesday due to sharp drops in soyoil prices.

The U.S. Department of Agriculture reported a July soybean crush of 221.9 million bushels, an 8.2% increase from the same period last year.

Soyoil stocks rose by 4.7% to 1.96 billion pounds, according to the USDA.

The USDA announced a private sale for 202,000 tonnes of 2026-27 soybeans to China, while StoneX increased its projection for Brazil's soybean crop to 183.5 million tonnes, up by 400,000 tonnes from its previous estimate.

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