Soybeans had a relatively quiet day of trading, but found strength in both soybean meal and soybean oil.  January beans were up 11 and 1/4 cents and closed at $13.27.  Weather in South America continues to be a factor. While there is rain in the forecast, there have been continued hot and dry conditions in parts of Brazil.  The U.S. continues to benefit from demand that would normally go to Argentina.  There were several reported announced sales of soybeans from the USDA’s Foreign Agricultural Service, but none yet this week.

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