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Soyameal soars on Argentina crop woes, short covering
Short-covering and concerns about tightening exports from Argentina, the top shipper of soyabean meal, help to fuel gains.
PHOTO: REUTERS
Chicago
US soyabean meal futures climbed to 18-month highs on Friday as short-covering and concerns about tightening exports from Argentina, the top shipper of the livestock feed, helped to fuel gains.
Soyabean and corn futures rose on spillover support from meal's rally, traders
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