Friday, 18 February 2011
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Soybeans Drop as U.S. Export Sales Fall, China Cancels Purchase
Soybeans fell in Chicago, heading for a second weekly drop, after export sales from the U.S. slid and China scrapped an order, signaling importers may be switching to South American supplies. U.S. exporters sold 396,332 metric tons of soybeans from the prior and next harvests in the week to Feb. 10, a 59 percent plunge from a week earlier, the U.S. Department of Agriculture said yesterday. It
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