International Edible Oil Market Report 13th November 2017

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Soybean futures settled the Friday session mostly 2 cents higher, following Thursday’s losses. December meal was up $2.70/ton, with nearby bean oil down 33 points. The USDA raised the average farm price range for soybeans 10 cents to $8.45 - $10.15, with the midpoint @ $9.30. Soybean export commitments so far this year are now lagging last year by 12.9%, losing ground since last week on fewer sales and shipments.

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