Soybeans rise on hopes for better export demand
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The price of soybeans rose Wednesday on expectations that U.S. exports could strengthen after unfavorable weather affected the planting seasons in Argentina and Brazil.
January soybeans rose 23.75 cents to finish at $14.7925 per bushel.
Farmers have been coping with bad weather as they plant soybeans in Brazil and Argentina, both of which are huge producers of the protein-rich beans. That has caused some delays, although forecasts call for better conditions in the days ahead.
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