New contract highs for soybeans

Soybeans ended the week on a high note. Another gain, this time 55 3/4 cents was noted for the March. Today's trade saw another new contract high and new contract high-close. Today's highs on the March were the best trade on the continuous contract charts since July 19. New contract highs were noted for November soybeans as well this week. Help from soaring palm oil prices and overnight Chinese soybean purchases were noted on Friday.

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