CBOT soybeans tick up on demand and weather concerns
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Chicago Board of Trade soybean futures increased on January 23 due to anticipated demand from China and weather concerns in South America. March soybeans rose by 3-3⁄4 cents to $10.67-3⁄4 per bushel, while March soymeal and soyoil also saw gains. Weekly U.S. soybean export sales reached 2.4 million metric tons, exceeding expectations. Concerns about dryness in Argentina are impacting corn and soybean conditions.
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