Soybean futures extend losses due to broad selloff, bearish USDA crop progress (blooming ahead of normal), and weak export inspections.
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Soymeal futures drop $5.50, pressured by crude oil decline and overall soybean weakness.
Soy oil futures decline 104-287 points, pressured by crude oil drop and soybean selloff.
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Sinograin to auction 504,000 metric tons of imported soybeans, which could add supply but impact is unclear.