Soybean futures started the day lower on Friday after some pretty bearish September CPI numbers. But, like the other commodities soybeans were able to finish the day from about steady to mostly higher. One supportive factor was the back-to-back days of soybean sales to China (there was also a second announced soybean sale, that was marked for unknown destinations). Ending stocks numbers for U.S. soybeans are extremely tight, but a solid crop out of South America could put some additional pressure on the markets.
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