GRAINS-Chicago soybean futures rise after US-China talks
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Chicago soybean futures rose 0.2% to $10.66-1⁄2 a bushel following positive U.S.-China talks, boosting hopes for continued Chinese purchases of U.S. soybeans. Wheat and corn futures also increased by 0.3% and 0.2%, respectively. Despite a record harvest expected in Brazil, slow harvesting has supported CBOT prices. Weekly U.S. export inspection data exceeded expectations, with commodity funds buying soybean and soyoil futures. The U.S. dollar strengthened, impacting commodity prices, but it has declined this week, providing some support for U.S. exports.
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