The primary destinations were the Netherlands (31,700 MT), France (31,700 MT), Mexico (31,500 MT), South Korea (27,600 MT), Taiwan (14,800 MT), Vietnam (13,000 MT), and Morocco (12,900 MT).
On Wednesday the diminished demand implied by declining equity indexes and the concurrent dollar rally weighed upon the nearby soy contracts early in the day, but persistent cash market firmness and rumors of a large Chinese purchase boosted soybean futures later on Wednesday.
Futures rose moderately Wednesday night, encouraged by rebounding equity indices and slipping U.S. dollar values. May soybeans gained 13.5 cents to $14.3575/bushel early Thursday morning, while May soyoil added 0.41 cents to 49.80 cents/pound, and May soybean meal rose $6.6 to $413.9/ton.
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