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US soybeans rise on bargain buying, China tariff decision limits gains
SINGAPORE: Chicago soybean futures climbed on Tuesday on bargain buying, although gains were capped after China excluded soybeans from a list of US agricultural products eligible for tariff cuts. Wheat firmed after falling to a six-week low in the previous session on optimism that diplomatic efforts could ease disruptions to Black Sea grain exports. “China’s plans to keep tariffs on US soybeans will limit demand for US cargoes just as harvest is starting,” said an oilseed trader in Singapore. The most-active soybean contract on the Chicago Board of Trade (CBOT) was up 0.2% at $12.90-1/2 a bush...
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