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Markets

Soybeans set for weekly gain on oil rally; USDA report in focus

  • Wheat and corn were also poised for their weekly gains as traders adjusted positions before Monday’s US Department of Agriculture report
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BEIJING: Chicago soybean futures rose on Friday and were on track for a weekly gain, bolstered by higher oil prices and continued Chinese demand for US supplies.

Wheat and corn were also poised for their weekly gains as traders adjusted positions before Monday’s US Department of Agriculture report and monitored crop conditions across the US Plains.

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