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Thursday, May 24, 2007

Beans ready to sprout.

July Soybeans extended yesterday’s gains in the overnight session, adding 2 ¾ cents to end at $8.03 ¼ per bushel. Beans are trading higher on concerns over dry conditions in the eastern Midwest, lower acreage planted for the 2007-08 crop year, and a strong technical setup for higher prices. Read More....