International Edible Oil Market Report 11th September 2017

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Soybean futures finished the week with most contracts 5 3/4 to 7 1/2 cents lower, as Sep was up 1.54% on the week. Bulls were uncertain about hurricane damage to Georgia and taking money off the table ahead of the weekend. Sept soy meal was $1.50/ton lower, with nearby bean oil 49 points in the red. A private export sale of 264,000 MT of soybeans to China for 17/18 was announced by the USDA this morning. Data from the CFTC shows managed money backing off their net short position by 16,423 contracts in soybean futures and options to -11,944 contracts.

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