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OverviewAPI
Soybean futures fluctuate due to weather conditions in Brazil, affecting global demand and supply. Traders await the Brazilian presidential election results and monitor sporadic rains in Brazil, while also assessing the impact of the election in Argentina. Speculators increase their enthusiasm for soybeans and soymeal due to concerns over Brazil's crop and tight U.S. meal market, with money managers adding net long positions to soybean futures and options.

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