Soybean trade this morning with light losses

This morning, soybean prices in Chicago trade with slight losses, after they closed the third day in a row yesterday with strong gains. In early trade, the highest price was traded today with 980,50 US cents for more than 3 weeks. The quotes by good export demand for U.S. soybeans as well as fixed price development at the palm oil for support. Fund companies bought yesterday 9,000 lots CBoT soybeans. The weekly U.S. export inspections were with about 2.5 million tons of soy beans well above expectations. The members of the Association of the U.S. soybean processors JESSE handled 129,405 million bushels in September. Analysts on average expected processing a set of 127,7 million bushels. The U.S. soybean inventories fell in September on 1,376 million LBS of 1,620 million LBS. 1,500 million LBS were expected on average.
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