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U S soybean ending stocks tighten, USDA says

On Thursday, the USDA released its December Supply/Demand and Crop Production Reports. As a result, the CME Group’s farm markets reacted slightly positive to the report’s numbers. At the close, the March corn futures finished 2 1/2¢ lower at $4.21 3/4. May corn futures settled 2 1/2¢ lower at $4.24 1/2.    January soybean futures closed 5 3/4¢ lower at $11.52 3/4. March soybean futures finished 4 3/4¢ lower at $11.58 1/2. March wheat futures closed 13 1/4¢ higher at $5.96 3/4.  Jan. soymeal futures closed $1.90 per short ton lower at $377.20. Jan. soy oil futures finished 0.20 of a cent higher at 38.06¢ per pound. In the outside markets, the NYMEX crude oil market is $1.38 per barrel higher (+3.03%) at $46.90. The U.S. dollar is lower, and the Dow Jones Industrials are 24 points lower (-0.08%) 30,043 points.

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